Six Flags Investors Seek Fraud Suit Revival Again From 5th Cir.

Six Flags Entertainment Corp.should face allegations from two pension funds that it misled shareholders about its progress developing theme parks in China, appellants said in a reply brief seeking to overturn a Texas federal judge’s dismissal of their claims.

The Oklahoma Firefighters Pension and Retirement System, which served as lead plaintiff, argued it has standing to bring the suit on behalf of class members, contrary to a June ruling in US District Court for the Northern District of Texas that the fund purchased its stock too late. Regardless of the Oklahoma pension fund’s standing, Key West Police & ...