Cedar Fair(US:FUN) Prnewswire·2025-12-23 13:36Core 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 in terms of the company's financial and operational condition [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement and prospectus related to the merger did not accurately reflect Six Flags' financial and operational challenges, particularly years of underinvestment that left its parks needing significant capital to remain competitive [3]. - Investors who acquired Six Flags securities during the Class Period have until January 5, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Stock Performance - On the closing date of the merger, July 1, 2024, Six Flags stock was trading above $55 per share, but it subsequently fell to as low as $20, representing a 64% loss in value [4].