Six Flags Investors Face Jan. 5 Deadline to Seek Lead Role in Merger Disclosure Class Action

Overview

• Notices from multiple law firms inform shareholders they must move by January 5, 2026 to seek lead-plaintiff status in the federal case.
• The suit, filed in the U.S. District Court for the Northern District of Ohio and captioned City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation, alleges Securities Act of 1933 violations tied to the July 1, 2024 merger registration statement.
• Plaintiffs claim Legacy Six Flags deferred maintenance and other investments, requiring millions in additional capital and operational spending to maintain market share.
• The complaint asserts projections for revenue, earnings, cash flow, cost reductions, balance sheet improvements, and debt reduction were not reasonably achievable at the time of the filing.
• Filings note the stock traded above $55 on the merger closing date and later fell to about $20, with firms including Robbins Geller, Bernstein Liebhard, Robbins LLP, and the Law Offices of Howard G. Smith inviting class members to participate.