FUN Six Flags Entertainment Corporation

Six Flags Entertainment Corp. is facing multiple class-action lawsuits alleging securities fraud due to misleading merger disclosures and subsequent stock performance. The lawsuits claim investors were not adequately informed about operational weaknesses and capital requirements before the merger with Cedar Fair. This comes as Six Flags, a major U.S. theme park rival to Disney, is already navigating a challenging economic environment for the theme park industry.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Six Flags Entertainment Corporation (NYSE: FUN) on behalf of investors who purchased shares pursuant to the company's registration statement related to the July 1, 2024 merger with Cedar Fair, L.P. The lawsuit alleges that the registration statement contained material misrepresentations and omissions regarding Legacy Six Flags' underinvestment, cost-cutting measures, and undisclosed capital needs. Investors are encouraged to join the case, with a lead plaintiff deadline of January 5, 2026.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Six Flags Entertainment Corporation (NYSE: FUN) on behalf of investors who purchased common stock pursuant to the company's registration statement and prospectus issued in connection with the July 1, 2024 merger with Cedar Fair, L.P. The lawsuit alleges that the registration statement was negligently prepared and contained untrue statements or omissions regarding chronic underinvestment, aggressive cost-cutting measures, and the undisclosed capital needs of Legacy Six Flags. Investors have until January 5, 2026, to request appointment as lead plaintiff.

Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit on behalf of investors who purchased Six Flags Entertainment Corporation (NYSE: FUN) common stock related to its July 1, 2024 merger with Cedar Fair, L.P. The lawsuit alleges that the merger's registration statement contained untrue statements and omitted material facts regarding Six Flags' chronic underinvestment, aggressive cost-cutting, and need for substantial capital infusion which undermined the merger's rationale. Investors are urged to join the case, with a lead plaintiff deadline of January 5, 2026.

Six Flags Entertainment announced that Louis Carr has resigned from its board of directors, effective December 24, 2025, reducing the board to 12 directors. The board will further decrease to 10 members in January 2026 following the previously disclosed departures of Selim Bassoul and Daniel Hanrahan. This news follows the appointment of John Reilly as the new President and CEO and a reiteration of a Buy rating by UBS, despite a lowered price target and a credit rating downgrade from Moody's amid merger challenges.

Six Flags Entertainment Corporation announced that director Louis Carr submitted his resignation, effective December 24, 2025. The company stated that his departure was not due to any disagreement, and the board size will decrease to 12 directors, then to 10 by January 1, 2026, following other announced resignations.