Lawsuit filed for Investors in shares of Six Flags Entertainment Corporation (NYSE: FUN)

An investor, who purchased shares of Six Flags Entertainment Corporation (NYSE: FUN), filed a lawsuit over alleged violations of Federal Securities Laws by Six Flags Entertainment Corporation in connection with certain allegedly false and misleading statements made in connection with the company's registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation with Cedar Fair, L.P. and their subsidiaries and affiliates.

Investors who purchased a significant amount of shares of Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN), you have certain options and for certain investors are short and strict deadlines running. Deadline: January 5, 2026. NYSE: FUN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Charlotte, NC based Six Flags Entertainment Corporation operates amusement parks and resort properties in North America. Six Flags Entertainment Corporation (NYSE: FUN) reported that its annual Total Revenue rose from over $1.79 billion in 2023 to over $2.7 billion in 2024, and that its Net Income of $124.55 million in 2023 turned into a Net Income to $206.66 million in 2024.

On July 1, 2024, Six Flags Entertainment Corporation (NYSE: FUN) announced the completion of the merger of equals between Cedar Fair, L.P. and former Six Flags Entertainment Corporation, effective July 1, 2024

According to the complaint the plaintiff alleges on behalf of purchasers or acquirers of Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN) common stock pursuant or traceable to the company's registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation ("Legacy Six Flags") with Cedar Fair, L.P. ("Cedar Fair"), and their subsidiaries and affiliates (the "Merger"), that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the registration statement for the Merger failed to disclose that, notwithstanding its executives' claims that the company had pursued transformational investment initiatives in the years leading up to the Merger, Legacy Six Flags in fact suffered from chronic underinvestment and its parks required millions of dollars in additional capital and operational expenditures above the company's historical cost trends in order to maintain (let alone grow) Legacy Six Flags' share in the intensely competitive amusement park market.

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

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 lawsuits, 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.

This release was published on openPR.