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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Six Flags Entertainment Corporation - SIX
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Six Fl...
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[{"type":"text","content":"\n\n\n\nSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Six Flags Entertainment Corporation - SIX\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, Feb. 18, 2020\n\n\n\nNEW YORK, Feb. 18, 2020 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of Six Flags Entertainment Corporation (\"Six Flags\" or the \"Company\") (NYSE: SIX).  Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.\nThe investigation concerns whether Six Flags and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  \n[Click here for information about joining the class action] \nOn February 14, 2019, Six Flags announced a negative revenue adjustment of $15 million in the fourth quarter of 2018 related to the Company's agreement with Chinese real estate developer Riverside Investment Group Co. Ltd. (\"Riverside\") due to delays in the expected opening dates of Six Flags-branded theme parks in China, citing Macroeconomic issues in China.  As a result, Six Flags reported a 38% decline in the Company's sponsorship, international agreements and accommodations revenue compared to the fourth quarter of 2017.  Six Flags also advised investors that it expected weaker than anticipated quarterly revenue from its agreements with Riverside in 2019 and 2020.  \nOn these disclosures, Six Flags' stock price fell $9.00 per share, or 14.09%, to close at $54.87 per share on February 14, 2019.  \nOn October 23, 2019, Six Flags again announced postponement of its park openings in China, stating that \"there's a very high likelihood going forward that we will see changes in the timing of park openings\" and \"it's unrealistic to think it's going to be exactly as we've outlined.\"  As a result, Six Flags reported a 26% decline in sponsorship, international agreements and accommodations revenue for the third quarter of 2019 com...