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News  ›  GlobeNewswire Inc.

Six Flags Entertainment Corporation Securities Fraud Class Action Result of Undisclosed Financial Problems and 63% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kahn Swick & Foti, Llc
Six Flags Entertainment Corporation Securities Fraud Class Action Result of Undisclosed Financial Problems and 63% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC

A securities class action lawsuit alleges Six Flags failed to disclose material financial problems prior to its merger with Cedar Fair, resulting in a significant stock price decline from over $55 to around $20 per share.

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The lawsuit alleges the company concealed chronic underinvestment, implemented aggressive cost-cutting measures that degraded operational competence, and misrepresented its financial condition during a merger, leading to a 64% stock price decline