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News  ›  GlobeNewswire Inc.

Bronstein, Gewirtz & Grossman LLC Urges Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Six Flags Entertainment Corporation (formerly CopperSteel HoldCo, Inc.) on behalf of investors who purchased shares in connection with the July 1, 2024 merger with Cedar Fair. The complaint alleges that the registration statement contained material omissions and misstatements, including failure to disclose chronic underinvestment in parks, operational degradation from cost-cutting measures, and substantial undisclosed capital needs that undermined the merger's rationale.

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The company is the subject of a securities fraud class action lawsuit alleging negligent preparation of merger registration statements, material omissions regarding chronic underinvestment, operational degradation from aggressive cost-cutting, and undisclosed substantial capital needs. These allegations indicate significant corporate governance and disclosure failures that harmed investors.

Keywords
#class action lawsuit #securities fraud #merger #registration statement #investor harm #material omissions #underinvestment #cost-cutting measures

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