FUN Stockholders With Large Losses Can Lead the Six Flags Entertainment Corporation Class Action Lawsuit – Contact Robbins LLP for Information

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].