The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of Texas on behalf of investors who purchased Six Flags Entertainment Corporation (NYSE: SIX) securities between April 25, 2018 and February 19, 2020.
According to the Six Flags Entertainment Corporation lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Riverside Investment Group Co. Ltd. (“Riverside”), the Chinese real estate developer with which Six Flags partnered, faced far more financial distress than disclosed to investors; (2) as a result, there was a high likelihood that Riverside would default on its payment obligations to the Company; (3) the Company’s international strategy, which relied predominantly on its exclusive agreements with Riverside to develop Six Flags-branded parks in China to drive revenue growth, was significantly less promising than represented to investors; and (4) as a result of the foregoing, Defendants’ statements about the Company’s business, operations and prospects lacked a reasonable basis.
If you suffered a loss in Six Flags Entertainment Corporation you have until April 13, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn\'t require that you serve as a lead plaintiff.
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