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News  ›  GlobeNewswire Inc.

SIX FLAGS URGENT DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Six Flags Investors of the Upcoming January 5th Deadline and Urges Investors to Contact the Firm

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Bragar Eagel & Squire, P.C.
SIX FLAGS URGENT DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Six Flags Investors of the Upcoming January 5th Deadline and Urges Investors to Contact the Firm

A class action lawsuit has been filed against Six Flags Entertainment Corporation in the U.S. District Court for the Northern District of Ohio, alleging that the company's registration statement for its July 2024 merger with Cedar Fair failed to disclose chronic underinvestment in parks and degraded operational competence under CEO Selim Bassoul. Six Flags stock has declined nearly 64% from $55 to $20 per share since the merger closing. Investors have until January 5, 2026 to apply to be appointed as lead plaintiff.

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Class action lawsuit alleges material omissions in merger registration statement regarding chronic underinvestment and operational degradation. Stock has declined 64% since merger closing, indicating significant investor losses and loss of confidence in the company's disclosed financial condition and prospects.

Keywords
#class action lawsuit #merger disclosure #Six Flags #Cedar Fair #underinvestment #stock decline #securities litigation

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