SIX FLAGS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors With Losses in Excess Of $100,000 of Lead Plaintiff Deadline in Cl...
February 20 2020 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until April 13,
2020 to file lead plaintiff applications in a securities
class action lawsuit against Six Flags Entertainment Corporation
(NYSE: SIX), if they purchased the Company’s shares between April
25, 2018 and January 9, 2020, inclusive (the “Class Period”). This
action is pending in the United States District Court for the
Northern District of Texas.
Get Help
Six Flags investors should visit us at
https://www.claimsfiler.com/cases/view-six-flags-entertainment-corporation-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuit
Six Flags and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On January 10, 2020, pre-market, the Company disclosed a range
of negative information including difficulties and delays with the
development of its parks in China and that its exclusive partner in
the China projects, Chinese real estate developer, Riverside
Investment Group Co. Ltd., had defaulted on its payment obligations
to Six Flags. As a result, the Company would realize no revenue
from its agreements with Riverside in the fourth quarter of 2019
and expected to make a negative $1 million revenue adjustment as
well as one-time charges totaling approximately $10 million.
On this news, the price of Six Flags’ shares plummeted nearly
18% on high trading volume.
The case is Electrical Workers Pension Fund, Local 103, I.B.E.W.
v. Six Flags Entertainment Corporation, 3:20-cv-00346.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200220005974/en/
ClaimsFiler Lewis Kahn, 844-367-9658
https://www.claimsfiler.com
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