Thieler Law Corp advises investors with losses exceeding $100,000 of the April 13, 2020 lead plaintiff deadline in a class action lawsuit filed against Six Flags Entertainment Corporation (NYSE: SIX) (“Six Flags” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased Six Flags Entertainment Corporation securities between April 25, 2018 and January 9, 2020, have until April 13, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Six Flags Entertainment Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the delays of park develop in China with Riverside were not "short-term" and were material in the context of long-term opportunity; Riverside was in severe financial distress and did not have the resources to timely complete its projects with Six Flags; and as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On February 14, 2019, the Company revealed a $15 million revenue adjustment for fourth-quarter 2018 due to delays in expected opening dates of some parks in China. In the press release, the Company stated that "[t]his resulted in a 38 percent decline in sponsorship, international agreements and accommodations revenue compared to the fourth quarter of 2017."

On October 23, 2019, the Company postponed park openings in China and stated that "it's unrealistic to think it's going to be exactly as we've outlined."

On January 10, 2020, the Company revealed that parks in China continued to encounter challenges and that the Company expected a $1 million revenue adjustment related to certain agreements.

Following this news, NYSE: SIX fell $7.80, or nearly 18%, to close at $35.96 per share on January 10, 2020.

If you were negatively impacted by your investment in Six Flags Entertainment Corporation securities between April 25, 2018 and January 9, 2020 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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