Six Flags Agrees to Settle Investor Class Claims for $40 Million

Six Flags Entertainment Corp. has agreed to a $40 million class settlement with investors who say it misrepresented the progress of theme park projects in China, according to a federal court filing.

The proposed deal merits preliminary approval because it’s fair and reasonable, the investors told the US District Court for the Northern District of Texas on Tuesday.

• The settlement comes after the US Court of Appeals for the Fifth Circuit revived the suit for a second time in April, saying the lower court misapplied principles outlined in the previous appellate opinion
• Two pension funds alleged that Six Flags and ...