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SIX FLAGS 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
Cedar FairCedar Fair(US:FUN) Globenewswireยท2025-11-07 19:21

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation due to alleged misrepresentations in the registration statement related to the merger with Cedar Fair, L.P. [2][8] Allegation Details - The lawsuit claims that the registration statement failed to disclose chronic underinvestment in Legacy Six Flags, which required millions in additional capital and operational expenditures to maintain competitiveness in the amusement park market [8] - It is alleged that after CEO Selim Bassoul took over in November 2021, significant cost-cutting measures, including employee layoffs, degraded operational competence and guest experience [8] - The stock price of Six Flags, which was above $55 per share at the time of the merger on July 1, 2024, subsequently fell nearly 64% to as low as $20 per share [8] Next Steps - Investors who purchased Six Flags shares and suffered losses are encouraged to contact Bragar Eagel & Squire for more information and to discuss their legal rights [4]