{"id":2206330,"date":"2025-12-20T04:43:19","date_gmt":"2025-12-20T04:43:19","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2206330"},"modified":"2025-12-20T04:43:19","modified_gmt":"2025-12-20T04:43:19","slug":"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","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/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\/","title":{"rendered":"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"},"content":{"rendered":"

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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<\/p>\n

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NEW YORK<\/span> and NEW ORLEANS<\/span><\/span>, Dec. 19, 2025<\/span><\/span> \/PRNewswire\/ — Kahn Swick & Foti<\/a>, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana<\/span>, Charles C. Foti, Jr.<\/span>, remind investors with substantial losses that they have until January 5, 2026<\/span><\/span><\/strong> to file lead plaintiff applications in a securities class action lawsuit against Six Flags Entertainment<\/a> Corporation f\/k\/a CopperSteel HoldCo, Inc. (NYSE: FUN), if they purchased or otherwise acquired the Company’s common stock pursuant or traceable to the company’s registration statement and prospectus issued in connection with the July 1, 2024<\/span> merger of legacy Six Flags Entertainment Corporation (“Legacy Six Flags”) with Cedar Fair, L.P. (“Cedar Fair”), and their subsidiaries and affiliates (the “Merger”). \u00a0This action is pending in the United States<\/span> District Court for the Northern District of Ohio<\/span>.<\/p>\n

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What You May Do<\/p>\n

If you purchased shares of Six Flags as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com<\/a>), or visit https:\/\/www.ksfcounsel.com\/cases\/nyse-fun\/<\/a> to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 5, 2026<\/span><\/span><\/strong>.<\/p>\n

About the Lawsuit<\/p>\n

Six Flags and certain of its executives are charged with failing to disclose material information in the registration statement for the Merger, violating federal securities laws.<\/p>\n

Specifically, the Registration statement failed to disclose that (i) despite the Company’s claims that it had pursued transformational investment initiatives in the years leading up to the Merger, Legacy Six Flags in fact suffered from chronic underinvestment and its parks required millions of dollars in additional capital and operational expenditures above the company’s historical cost trends in order to maintain or grow Legacy Six Flags’ share in the intensely competitive amusement park market; (ii) following defendant Selim Bassoul’s<\/span> appointment as CEO in November 2021<\/span>, the company implemented aggressive cost-cutting measures, including significant reductions in employee headcount, which materially degraded operational competence and guest experience; (iii) as a result, Legacy Six Flags required a substantial and undisclosed capital infusion to stabilize and revitalize its business, and these acute capital needs fundamentally undermined the rationale for the Merger as presented in the registration statement.<\/p>\n

On the Merger closing date, July 1, 2024<\/span>, Six Flags stock traded above $55<\/span> per share. The price of Six Flags stock subsequently fell as low as $20<\/span> per share, a nearly 64% decline.<\/p>\n

The case is City of Livonia Employees’ Retirement System v. Six Flags Entertainment Corporation, <\/em>No. 25-cv-02394.<\/p>\n

About Kahn Swick & Foti<\/a>, LLC<\/p>\n

KSF, whose partners include former Louisiana<\/span> Attorney General Charles C. Foti, Jr.<\/span>, is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud<\/span> or malfeasance by publicly traded companies. KSF has offices in New York<\/span>, Delaware<\/span>, California<\/span>, Louisiana<\/span>, Chicago<\/span>, and a representative office in Luxembourg<\/span>.<\/p>\n

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services<\/p>\n

To learn more about KSF, you may visit www.ksfcounsel.com<\/a>.<\/p>\n

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn<\/span>, Managing Partner
lewis.kahn@ksfcounsel.com<\/a>
<\/span>1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA<\/span> 70163<\/p>\n

CONNECT WITH US: Facebook<\/a> || Instagram<\/a> || YouTube<\/a> || TikTok<\/a> || LinkedIn<\/a><\/p>\n

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SOURCE Kahn Swick & Foti, LLC<\/p>\n<\/div>\n