Cedar Fair(US:FUN) Globenewswire·2026-01-02 19:49Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation regarding the merger with Cedar Fair, alleging that the registration statement failed to disclose significant underinvestment issues and operational challenges faced by Legacy Six Flags prior to the merger [2][7]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased or acquired Six Flags common stock related to the merger registration statement issued on July 1, 2024 [2]. - Investors have until January 5, 2026, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The registration statement allegedly did not reveal that Legacy Six Flags had chronic underinvestment and required millions in additional capital and operational expenditures to maintain its market share [7]. - Following the appointment of CEO Selim Bassoul in November 2021, significant employee layoffs were made to cut costs, which reportedly degraded operational competence and guest experience [7]. - On the merger closing date, Six Flags stock was trading above $55 per share, but subsequently fell to as low as $20 per share, marking a decline of nearly 64% [7]. Group 3: Next Steps for Investors - Investors who suffered losses or have information regarding the claims are encouraged to contact the law firm for further details and assistance [4].