The Shareholders Foundation, Inc. has announced an investigation into Six Flags Entertainment Corporation (NYSE: FUN) on behalf of current long-term investors. This probe concerns potential breaches of fiduciary duties by certain directors and officers, following a lawsuit alleging securities law violations related to the July 2024 merger with Cedar Fair, L.P. The lawsuit claims that the merger’s registration statement failed to disclose chronic underinvestment in Legacy Six Flags’ parks, requiring significant additional capital expenditures.
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Six Flags Entertainment Corporation (NYSE: FUN) Long Term Investor Alert: Investigation of potential Wrongdoing
The Shareholders Foundation, Inc. has announced an investigation into Six Flags Entertainment Corporation (NYSE: FUN) on behalf of current long-term investors. This probe concerns potential breaches of fiduciary duties by certain directors and officers, following a lawsuit alleging securities law violations related to the July 2024 merger with Cedar Fair, L.P. The lawsuit claims that the merger’s registration statement failed to disclose chronic underinvestment in Legacy Six Flags’ parks, requiring significant additional capital expenditures.