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].

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 ...

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].

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].

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 ...

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] Allegations of the Lawsuit - The lawsuit claims that the registration statement for the merger failed to disclose critical information about Legacy Six Flags' financial condition, specifically chronic underinvestment and the need for substantial capital to maintain operations [3] - It is alleged that the company's executives, including CEO Selim Bassoul, misrepresented the company's investment initiatives and operational capabilities, leading to a decline in guest experience and operational competence [3] Stock Performance - Following the merger on July 1, 2024, Six Flags' stock price dropped from over $55 per share to as low as $20 per share, representing a nearly 64% decline [4]

Core Viewpoint - Investors with significant 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] Summary by Sections 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 case is identified as City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation, No. 25-cv-02394 [5]. Allegations Against Six Flags - The registration statement allegedly did not reveal that Legacy Six Flags had chronic underinvestment and required millions in additional capital and operational expenditures to maintain its market share [4]. - Following the appointment of CEO Selim Bassoul in November 2021, aggressive cost-cutting measures were implemented, which degraded operational competence and guest experience [4]. - As a result of these issues, Legacy Six Flags needed substantial undisclosed capital to stabilize its business, undermining the rationale for the merger [4]. Stock Performance - 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].

NEW YORK, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Six Flags Entertainment Corporation (“Six Flags” or the “Company”) (NYSE: FUN) for violations of the federal securities laws on behalf of all persons and entities who purchased or acquired Six Flags common stock pursuant or traceable to the Company’s registration statement and prospectus (“Registration Statement”) is ...

Core Viewpoint - The article discusses a class action lawsuit against Six Flags Entertainment Corporation, alleging that the company and its executives violated the Securities Act of 1933 by failing to disclose significant financial issues prior to a merger with Cedar Fair, L.P. [1] Group 1: Lawsuit Details - 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] - Purchasers of Six Flags common stock related to the merger have until January 5, 2026, to seek appointment as lead plaintiff [1] - The lawsuit claims that the registration statement for the merger did not reveal that Legacy Six Flags had chronic underinvestment and required millions in additional capital to maintain its market position [1] Group 2: Financial Impact - On the merger closing date, July 1, 2024, Six Flags stock was trading above $55 per share, but it subsequently fell to as low as $20 per share, representing a decline of nearly 64% [1] - The lawsuit alleges that the company's operational competence and guest experience were degraded due to cost-cutting measures implemented by CEO Selim Bassoul after he took over in November 2021 [1] Group 3: Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm known for its experience in prosecuting investor class actions and securities fraud cases [1] - Robbins Geller has secured over $2.5 billion for investors in securities-related class action cases in 2024, highlighting its significant role in investor protection [1]

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corp. on behalf of investors who acquired shares during the period from July 1, 2024, to November 5, 2025, particularly related to the merger with Cedar Fair L.P. [1][3] Summary by Sections Lawsuit Details - The lawsuit claims that the merger registration statement and prospectus did not accurately reflect Six Flags' financial and operational status, highlighting years of underinvestment that necessitated significant capital for the parks to remain competitive [3] Stock Performance - Following the merger closing on July 1, 2024, Six Flags' stock price fell from above $55 per share to as low as $20, representing a 64% decline in value [4] Investor Information - Investors who purchased Six Flags securities during the class period have until January 5, 2026, to seek appointment as lead plaintiff representatives [2]