Six Flags Investor Suit Over China Expansion Revived Again (1)

Investors’ claims that Six Flags Entertainment Corp. misrepresented the progress of theme park projects in China were improperly thrown out, the Fifth Circuit said Thursday, reinstating the proposed class action for the second time.

The district court misapplied the principles outlined in the previous appellate opinion in the case when it said one of the lead investors, an Oklahoma firefighters’ retirement fund, lacked standing to sue, Judge Catharina Haynes said for the US Court of Appeals for the Fifth Circuit.

A Key West, Fla, pension fund that’s not already a party to the suit is entitled to participate in the ...