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News  ›  GlobeNewswire Inc.

FUN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
FUN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

A class action lawsuit has been filed against Six Flags Entertainment Corporation regarding alleged misrepresentations in its merger registration statement with Cedar Fair, claiming the document contained untrue statements and omitted critical financial information.

Insights
ZIONP   negative

Announced a significant $50 million loan charge-off due to borrower misrepresentations and contractual defaults, which led to a substantial stock price decline of 13.14% and potential legal action


FUN   negative

The lawsuit alleges chronic underinvestment, aggressive cost-cutting that degraded operational competence, and the need for substantial undisclosed capital infusion, suggesting significant corporate governance and financial performance issues