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Six Flags Entertainment Corporation (NYSE: SIX) Long Term Investor Investigation of potential Wrongdoing

05-08-2020 02:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Six Flags Entertainment Corporation (NYSE: SIX) shares.

An investigation on behalf of current long term investors in Six Flags Entertainment Corporation (NYSE: SIX) shares.

An investigation on behalf of current long-term investors in shares of Six Flags Entertainment Corporation (NYSE: SIX) concerning potential breaches of fiduciary duties by certain directors and officers of Six Flags Entertainment Corporation was announced.

Investors who are current long term investors in Six Flags Entertainment Corporation (NYSE: SIX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: SIX stocks follows a lawsuit filed against Six Flags Entertainment Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SIX stocks, concerns whether certain Six Flags Entertainment Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of Texas the plaintiff alleges the defendants made materially false and misleading statements regarding the Company's business, operations, and growth prospects related to its agreements with Riverside to develop parks in China.

The plaintiff claims that as development of those parks began to face delays, Defendants misled investors by downplaying the problems as "short-term" and "not material in the context of the long-term opportunity", that the Defendants also assured investors that Riverside was "work[ing] through" the macroeconomic issues in China and that Riverside was in "great shape" financially, that in truth, Riverside was in severe financial distress and did not have the resources to timely complete its projects with Six Flags, and that as a result of Defendants' misrepresentations, shares of Six Flags' common stock traded at artificially inflated prices between April 25, 2018 and January 9, 2020.

Those who purchased shares of Six Flags Entertainment Corporation (NYSE: SIX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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