NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (“Six Flags” or the “Company”) (NYSE: FUN) 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 Entertainment Corporation (“Legacy Six ...

Group 1 - JANA Partners has initiated a new equity stake in Six Flags Entertainment Corporation, purchasing 4,049,940 shares valued at approximately $92.01 million, representing 4.45% of the fund's reported U.S. equity assets [2][3] - As of November 14, 2025, Six Flags shares were priced at $14.60, reflecting a 69% decline over the past year and underperforming the S&P 500 by 81 percentage points [3] - Six Flags Entertainment operates regional amusement and water parks across 17 states and three countries, leveraging branded attractions to drive attendance and ancillary spending [5][7] Group 2 - The company reported a total revenue of $3.14 billion and a net income of -$1.75 billion, with a market capitalization of $1.48 billion as of November 14, 2025 [4] - Following the acquisition of Cedar Fair in 2024, Six Flags' stock has dropped from $50 per share to approximately $15, attributed to merger difficulties and higher-than-expected capital expenditures [9][10] - Despite challenges, Six Flags generated $270 million in free cash flow in 2022, indicating potential for over $400 million in free cash flow in the long term if the merger stabilizes [11]

Core Viewpoint - The class action lawsuit against Six Flags Entertainment Corporation alleges that the company misrepresented its financial health and operational needs during its merger with Cedar Fair, leading to significant stock price declines post-merger [3][4]. Company Overview - Six Flags Entertainment Corporation, previously known as CopperSteel HoldCo, Inc., is an amusement park operator that recently underwent a merger with Cedar Fair, L.P. on July 1, 2024 [2][3]. Legal Allegations - The lawsuit claims that the registration statement for the merger failed to disclose chronic underinvestment in Legacy Six Flags, which required substantial additional capital to maintain operations and competitiveness in the amusement park market [3]. - It is alleged that the company's executives, including CEO Selim Bassoul, misled investors by claiming that transformational investment initiatives were pursued, while in reality, the company was in dire need of undisclosed capital [3]. Financial Impact - Following the merger, 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 - A class action lawsuit has been filed 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] Summary by Sections Lawsuit Details - The lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Investors who purchased Six Flags stock in connection with the merger have until January 5, 2026, to seek lead plaintiff status [1]. Allegations Against Six Flags - The registration statement for the merger allegedly failed to disclose that Legacy Six Flags had chronic underinvestment and required significant additional capital to maintain its competitive position in the amusement park market [3]. - After becoming CEO in November 2021, Selim Bassoul reduced the employee headcount to cut costs, which negatively impacted operational competence and guest experience [3]. Stock Performance - 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% [4].

SAN DIEGO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Company: Six Flags Entertainment Corporation (NYSE: FUN) is an amusement park operator. What is the class period? July 1, 2024, merger of Legacy Six Flags with Cedar Fair, L.P., and their subsidiaries and affiliates What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Six Flags common stock pursuant or traceable to the Company’s registration statement and prospectus ...

LOS ANGELES--(BUSINESS WIRE)---- $FUN--FUN Investors Have Opportunity to Lead Six Flags Entertainment Corporation Securities Fraud Lawsuit with the Schall Law Firm. ...

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation for alleged securities fraud related to its merger with Cedar Fair, with shareholders encouraged to inquire about their rights and potential claims [1][2]. Company Overview - Six Flags completed a merger with Cedar Fair on July 1, 2024, creating North America's largest regional amusement park operator with a portfolio of approximately 40 amusement parks, water parks, and resort properties [3]. Financial Performance - On August 6, 2025, Six Flags reported second quarter 2025 revenue of $930 million and adjusted EBITDA of $243 million, both significantly below consensus estimates [4]. - The company's debt-to-earnings leverage ratio increased to 6.2x, prompting considerations for divesting non-core assets [4]. - Six Flags reduced its 2025 EBITDA guidance by $215 million at the midpoint and announced the resignation of CEO Richard Zimmerman [4]. Stock Performance - Following the merger, Six Flags stock traded above $55 per share but subsequently fell to as low as $20 per share, representing a nearly 64% decline, which adversely affected investors [5]. Lawsuit Details - The class action lawsuit alleges that the Registration Statement for the merger was negligently prepared, leading to materially false and misleading statements and failure to disclose adverse facts about the company's operations and prospects [6][7]. - Specific allegations include underinvestment in parks, undisclosed capital needs, and unrealistic revenue and earnings projections presented to investors [7].

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Six Flags Entertainment Corporation, alleging misrepresentation in the registration statement related to the merger with Cedar Fair, L.P. [1][3] Group 1: Lawsuit Details - The lawsuit claims that executives of Legacy Six Flags misrepresented the company's investment initiatives, stating that the company suffered from chronic underinvestment prior to the merger [3] - It is alleged that the parks required millions of dollars in additional capital and operational expenditures to maintain their competitive position in the amusement park market [3] Group 2: Legal Process - Shareholders wishing to serve as lead plaintiff must file papers by January 5, 2026, with the option to remain an absent class member if they choose not to take action [4] - All representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur fees or expenses [4] Group 3: Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented both individual investors and large public and private pension funds [5] - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 for several consecutive years [5]

Core Viewpoint - Glancy Prongay & Murray LLP has initiated an investigation into Six Flags Entertainment Corporation regarding potential violations of federal securities laws [1] Company Summary - The investigation is on behalf of investors who may have incurred losses related to Six Flags Entertainment Corporation [1]

NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class lawsuit on behalf all purchasers or acquirers of Six Flags Entertainment Corporation (f/k/a CopperSteel HoldCo, Inc.) (NYSE: FUN) 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 Entertainment Corporation (“Legacy Six Flags”) with Cedar Fair, L.P. (“Cedar Fair”), has been filed in ...