Overview
- Wolf Haldenstein says it filed a class action in the Northern District of Ohio on behalf of investors who bought Six Flags (NYSE: FUN) shares pursuant or traceable to the July 1, 2024 merger registration statement and prospectus.
- The Schall Law Firm announced a separate action alleging false and misleading statements about the company’s condition during the merger offering period, while noting the class has not been certified.
- KSF, led by former Louisiana Attorney General Charles C. Foti Jr., is urging investors with losses to petition for lead-plaintiff status in City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation, No. 25-cv-02394.
- Complaints assert that legacy Six Flags suffered years of underinvestment and that CEO Selim Bassoul’s headcount reductions degraded operations and guest experience, requiring large capital infusions not disclosed to investors.
- Filings cite a sharp share-price decline from above $55 at the merger close to below $20 in 2025, including a low of $14.81 on November 11 reported by one firm.