Six Flags Faces Securities Class Actions Over Merger Disclosures as Lead-Plaintiff Deadline Nears

Overview

• Berger Montague, Portnoy Law Firm, Glancy Prongay & Murray, and the Law Offices of Howard G. Smith announced actions or solicitations targeting investors in Six Flags Entertainment Corporation.
• The cases focus on disclosures tied to the July 1, 2024 merger with Cedar Fair, after which the combined company listed on the NYSE under the ticker FUN.
• Complaints allege the merger registration statement and prospectus concealed years of underinvestment and deferred maintenance that would require substantial capital spending.
• Berger Montague identifies a class period running from July 1, 2024 through November 5, 2025 for affected purchasers of Six Flags securities.
• Six Flags shares traded above $55 on the merger close and later fell to about $20, a decline of nearly 64% cited by the plaintiffs.