Six Flags Faces Derivative Investor Suit Over Cedar Point Merger

Six Flags Entertainment Corp.'s top management was sued in Ohio federal court by an investor who says shareholders were misled over the amusement park operator’s 2024 merger with Cedar Point and its deteriorating park facilities.

The derivative shareholder lawsuit said Six Flags and its officers and board members had made statements about the benefits of the merger—creating the largest amusement park conglomerate in North America—"that had no basis in material fact.”

Six Flags had actually failed to make adequate capital investments, conduct routine facility checks, and made drastic reductions in personnel ahead of the merger, “making the benefits of combination ...