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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.
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.
The stock dropped from over $55 to $16 after the merger, contributing to a $1.2 billion third-quarter loss in 2025.
Six Flags has closed two Maryland parks and may shutter more, focusing on a leaner portfolio amid declining revenue and ineffective marketing.
Executives Bassoul and Zimmerman will step down as the company faces financial strain and ongoing legal scrutiny.
Los ejecutivos de Six Flags enfrentan una demanda colectiva por presunta tergiversación de las condiciones del parque antes de su fusión de 2024, lo que llevó a una caída en las acciones y una pérdida de $ 1.2 mil millones.