SAN DIEGO, April 27, 2020 (GLOBE NEWSWIRE) -- Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: SIX shares.
Investors, who purchased shares of Six Flags Entertainment Corporation (NYSE: SIX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 12, 2020, a lawsuit was filed against Six Flags Entertainment Corporation over alleged Securities Laws Violations. The plaintiff alleges that as development of Six Flags-branded parks in China began to face delays, Defendants misled investors by downplaying the problems as "short-term" and "not material in the context of the long-term opportunity”, that the Defendants also assured investors that Riverside was "work[ing] through" the macroeconomic issues in China and that Riverside was in "great shape" financially, that in truth, Riverside was in severe financial distress and did not have the resources to timely complete its projects with Six Flags, and that as a result of Defendants' misrepresentations, shares of Six Flags' common stock traded at artificially inflated prices between April 25, 2018 and January 9, 2020.
Those who purchased Six Flags Entertainment Corporation (NYSE: SIX) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.