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Six Flags Entertainment Corporation Securities Fraud Class Action Result of Undisclosed Financial Problems and 63% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
Globenewswire· 2025-12-17 03:42
Core Viewpoint - Investors with substantial losses in Six Flags Entertainment Corporation have until January 5, 2026, to file lead plaintiff applications in a securities class action lawsuit related to the company's merger with Cedar Fair, L.P. [1] Group 1: Lawsuit Details - The lawsuit alleges that Six Flags and certain executives failed to disclose material information in the registration statement for the merger, violating federal securities laws [3]. - The registration statement did not reveal that Legacy Six Flags suffered from chronic underinvestment and required millions in additional capital to maintain its market share [4]. - Following the appointment of CEO Selim Bassoul in November 2021, aggressive cost-cutting measures were implemented, degrading operational competence and guest experience [4]. Group 2: Financial Impact - On the merger closing date, July 1, 2024, Six Flags stock traded above $55 per share, but subsequently fell to as low as $20 per share, representing a nearly 64% decline [5].
SHAREHOLDER ALERT: Berger Montague Reminds Six Flags Entertainment Corp. (NYSE: FUN) Investors of Class Action Lawsuit Deadline
Prnewswire· 2025-12-16 18:43
PHILADELPHIA, Dec. 16, 2025 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit against Six Flags Entertainment Corp. (NYSE: FUN) ("Six Flags" or the "Company") has been filed on behalf of investors who purchased or acquired Six Flags shares July 1, 2024 through November 5, 2025 (the "Class Period"), including in connection with the merger between Six Flags and Cedar Fair L.P. (the "Merger"). Investor Deadline: Investors who purchased Six Flags securities ...
SIX FLAGS CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Six Flags Entertainment Corporation and Encourages Investors to Contact the Firm
Globenewswire· 2025-12-15 21:19
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Six Flags (FUN) To Contact Him Directly To Discuss Their Options If you purchased or acquired common stock pursuant or traceable to the Company's registration statement and prospectus issued in connection with the July 1, 2024 merger of Legacy Six Flags with Cedar Fair, L.P., and their subsidiaries and affiliates and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Wal ...
Portnoy Law Firm Announces Class Action on Behalf of Six Flags Entertainment Corporation Investors
Globenewswire· 2025-12-15 16:38
LOS ANGELES, Dec. 15, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Six Flags Entertainment Corporation, (“Six Flags” or the "Company") (NYSE: FUN) investors of a class action on behalf of investors that bought securities in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation (“Legacy Six Flags”) with Cedar Fair, L.P. (“Cedar Fair”), and their subsidiaries and affiliates. Six Flags investors have until January 5, 2026 to file a lead plaintiff motion. Investors are e ...
SIX FLAGS ENTERTAINMENT CORPORATION (NYSE: FUN) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Six Flags Entertainment Corporation Investors of Upcoming Deadline
Globenewswire· 2025-12-15 06:45
NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Do you, or did you, own shares of Six Flags Entertainment Corporation (NYSE: FUN)?Did you purchase your shares pursuant and/or traceable to the Company’s July 1, 2024 merger of legacy Six Flags Entertainment Corporation with Cedar Fair, L.P., and their subsidiaries and affiliates?Did you lose money in your investment in Six Flags Entertainment Corporation?Do you want to discuss your rights? Bernstein Liebhard LLP, a nationally acclaimed inv ...
Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Newsfile· 2025-12-13 17:30
Core Viewpoint - The article discusses a class action lawsuit against Six Flags Entertainment Corporation, alleging that the company and its executives misled investors regarding the financial health and operational needs of the company prior to its merger with Cedar Fair, L.P. [1][3] Company Overview - Six Flags Entertainment Corporation, previously known as CopperSteel HoldCo, Inc., is an amusement park operator that has faced significant scrutiny following its merger with Cedar Fair, L.P. [2][3] Merger Details - The merger between Legacy Six Flags and Cedar Fair was completed on July 1, 2024, with Six Flags stock initially trading above $55 per share [4]. - Following the merger, the stock price plummeted to as low as $20 per share, representing a nearly 64% decline [4]. Allegations of Misrepresentation - The lawsuit claims that the registration statement for the merger failed to disclose critical information about Legacy Six Flags' financial struggles, including chronic underinvestment and the need for substantial capital to maintain operations [3]. - It is alleged that the company's executives misrepresented the state of the business, claiming successful investment initiatives while the reality was a significant operational decline [3]. Executive Actions - After becoming CEO in November 2021, Selim Bassoul implemented cost-cutting measures that included reducing employee headcount, which negatively impacted operational competence and guest experience [3]. Legal Proceedings - The class action lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and is filed in the Northern District of Ohio [1]. - Investors who suffered losses are encouraged to seek appointment as lead plaintiff by January 5, 2026 [1].
Rush Island Decided It Had Enough Fun With Six Flags Stock
The Motley Fool· 2025-12-10 18:53
Six Flags recently made significant executive changes, hoping for a turnaround.What happenedAccording to a Securities and Exchange Commission (SEC) filing dated Nov. 14, 2025, Rush Island Management reduced its position in Six Flags Entertainment Corporation (FUN +0.97%) by 3,306,963 shares during the third quarter. The move brought the fund’s FUN stake down to 487,121 shares, with a reported market value of $11.07 million as of Sept. 30, 2025.What else to knowThe fund’s sale leaves FUN at 0.76% of reportab ...
INVESTOR REMINDER: Berger Montague Notifies Six Flags Entertainment Corp. (NYSE: FUN) Investors of a Class Action Lawsuit and Deadline
Prnewswire· 2025-12-10 13:36
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corp. on behalf of investors who purchased shares during the specified Class Period, alleging that the merger with Cedar Fair L.P. was misrepresented regarding the company's operational and capital needs [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement for the merger did not accurately reflect Six Flags' true operational and capital requirements, despite public assertions of significant investments [3]. - The complaint highlights that undisclosed capital needs were inconsistent with the rationale provided for the merger [3]. Group 2: Stock Performance - Following the merger's closure on July 1, 2024, Six Flags' stock price initially traded above $55 per share but subsequently plummeted to as low as $20, marking a decline of nearly 64% [4]. Group 3: Investor Information - Investors who acquired Six Flags securities during the Class Period have until January 5, 2026, to seek appointment as lead plaintiff representatives [2].
FUN Stockholders With Large Losses Can Lead the Six Flags Entertainment Corporation Class Action Lawsuit – Contact Robbins LLP for Information
Globenewswire· 2025-12-08 18:56
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation, alleging that the company made false and misleading statements regarding its merger with Cedar Fair, L.P. and the financial health of Legacy Six Flags prior to the merger [1][3]. Group 1: Merger Details - The merger between Legacy Six Flags and Cedar Fair was approved by shareholders on March 12, 2024, and officially closed on July 1, 2024 [3]. - Following the merger, the new entity was named CopperSteel HoldCo, Inc., which later changed its name to Six Flags and began trading on the NYSE under the ticker symbol "FUN" [3]. Group 2: Allegations - The lawsuit claims that Legacy Six Flags had significantly underinvested in its parks and operations, neglecting essential maintenance and improvements for several years before the merger [3]. - It is alleged that Legacy Six Flags required millions of dollars in undisclosed capital and operational expenditures to maintain or grow its market share in the competitive amusement park industry [3]. - The complaint states that the financial projections presented to investors were unrealistic and not based on the actual conditions of the company at the time of the merger [3]. Group 3: Stock Performance - On the merger closing date, Six Flags stock was trading above $55 per share, but it subsequently plummeted to as low as $20 per share, representing a nearly 64% decline [4].
SIX FLAGS ENTERTAINMENT CORPORATION (NYSE: FUN) SHAREHOLDER ALERT: Bernstein Liebhard LLP Reminds Six Flags Entertainment Corporation Investors of Upcoming Deadline
Globenewswire· 2025-12-08 15:15
NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (“Six Flags” or the “Company”) (NYSE: FUN) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join This Class Action Lawsuit? Do you, or did you, own shares of Six Flags Entertainment Corporation (NYSE: FUN)?Did you purchase your shares pursuant ...