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flag Six Flags executives face a class-action lawsuit over alleged misrepresentation of park conditions before its 2024 merger, leading to a stock plunge and $1.2 billion loss.

flag A federal class-action lawsuit alleges Six Flags and its executives misled investors about the company’s deteriorating park conditions before its 2024 merger with Cedar Fair, claiming undisclosed underinvestment and poor management harmed financial performance. flag The stock dropped from over $55 to $16 after the merger, contributing to a $1.2 billion third-quarter loss in 2025. flag Six Flags has closed two Maryland parks and may shutter more, focusing on a leaner portfolio amid declining revenue and ineffective marketing. flag Executives Bassoul and Zimmerman will step down as the company faces financial strain and ongoing legal scrutiny.

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