Globenewswire·2025-12-15 16:38Core Viewpoint - Six Flags Entertainment Corporation is facing a class action lawsuit related to its merger with Cedar Fair, L.P., with investors having until January 5, 2026, to file a lead plaintiff motion [1]. Group 1: Merger Details - On July 1, 2024, Six Flags' predecessor merged with Cedar Fair, creating North America's largest regional amusement park operator with approximately 40 amusement parks and water parks [3]. - The newly formed entity, Six Flags Entertainment Corporation, is listed on the New York Stock Exchange under the ticker symbol "FUN" [3]. Group 2: Financial Performance - Following the merger, Six Flags reported poor financial and operational results, revealing that the predecessor had deferred essential maintenance and improvements, leading to a need for significant capital investment [3]. - The stock price of Six Flags was above $55.00 per share at the time of the merger but subsequently fell to as low as $20 per share, marking a decline of nearly 64% [3]. Group 3: Legal Representation - The Portnoy Law Firm is representing investors in claims related to corporate wrongdoing and offers complimentary case evaluations [2][4]. - The firm's founding partner has successfully recovered over $5.5 billion for investors in similar cases [4].