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Oklahoma City, OK (February 13, 2020) – On February 12, 2020, a securities class action lawsuit was filed in the United States District Court for the Northern District of Texas against Six Flags Entertainment Corporation (NYSE: SIX). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is April 25, 2018 through January 9, 2020. According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) the delays of park develop in China with Riverside were not “short-term” and were material in the context of long-term opportunity; (2) Riverside was in severe financial distress and did not have the resources to timely complete its projects with Six Flags; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Plaintiff seeks to recover damages on behalf of all Six Flags Entertainment Corporation shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, April 13, 2020 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: Robin Hester at email@example.com