TMX Newsfile·2025-12-26 14:36Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corp. on behalf of investors who acquired shares during the specified Class Period, alleging that the merger with Cedar Fair L.P. was misrepresented regarding the company's operational and capital needs [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement for the merger did not accurately reflect Six Flags' true operational and capital requirements, indicating a history of underinvestment that necessitated significant spending to maintain market share [3]. - Investors who purchased Six Flags securities during the Class Period have until January 5, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Stock Performance - Following the merger's closure on July 1, 2024, Six Flags' stock price initially traded above $55 per share but subsequently plummeted to as low as $20, representing a nearly 64% decline [4].