Six Flags Securities Litigation Settlement: Payouts & Dates

If you purchased publicly traded common stock of Six Flags Entertainment Corporation between April 24, 2018, and February 19, 2020, you may be eligible to claim a portion of a class action settlement.

Six Flags has agreed to pay $40,000,000 to settle a class action lawsuit for allegedly making false and misleading statements to investors regarding the development of Six Flags-branded theme parks in China.

Who can file a claim?

To be part of the settlement class, you:

• Purchased publicly traded Six Flags common stock between April 24, 2018, and February 19, 2020
• Suffered damages due to the misrepresentations made by Six Flags

How much can class members get?

The settlement fund of $40,000,000 will be distributed among eligible class members. The exact amount each class member will receive depends on the number of valid claims submitted and the details of each claim.

The plan of allocation considers the artificial inflation in the price of Six Flags common stock due to the alleged misrepresentations.

Class members will receive a pro rata share of the net settlement fund based on their recognized loss amount, which is calculated using the difference in artificial inflation at the time of purchase and sale.

• Recognized Loss Amount: Calculated for each purchase of Six Flags common stock during the class period.
• Pro Rata Distribution: The net settlement fund will be distributed to authorized claimants on a pro rata basis based on the relative size of their recognized claims.

What proof is required to submit a claim?

Yes, claimants need to provide proof of their transactions in Six Flags common stock. This includes documentation such as brokerage confirmation slips or monthly account statements that verify the details of your purchases and sales during the class period.

How to claim an award

To claim an award, you must submit a claim form by mail or online. You can file a claim online or download the PDF claim form to submit by mail. The completed form, along with supporting documentation, must be postmarked or submitted online by February 4, 2025.

Mailing Address:

Six Flags Securities Litigation

c/o JND Legal Administration

P.O. Box 91074

Seattle, WA 98111

Claim instructions

Follow these steps to submit your claim:

1. Gather all documentation of your Six Flags common stock transactions during the class period.
2. Complete the claim form with accurate information.
3. Submit the form and documentation online or by mail by the deadline.

Payment methods

Class members will receive their payments via check mailed to the address provided on the claim form.

$40 Million settlement fund

The settlement fund of $40,000,000 will cover:

• Payments to eligible class members
• Attorneys' fees, not to exceed 25% of the settlement fund
• Litigation expenses, capped at $650,000
• Notice and administration costs

Important dates

• Fairness Hearing: January 28, 2025
• Deadline to File a Claim: February 4, 2025

When is the Six Flags Securities Litigation payout date?

The court will hold a fairness hearing on January 28, 2025, to decide whether to approve the settlement. If approved, the claims administrator will process claims and distribute payments to eligible class members.

Why is there a class action settlement?

The class action lawsuit was filed because Six Flags allegedly made false and misleading statements to investors about the development of theme parks in China. The parties agreed to settle to avoid the risks and costs of continued litigation.