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Oklahoma Firefighters Pensions and Retirement System, et al., v. Six Flags Entertainment Corporation, et al.
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Six Flags Securities Litigation
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4:20-cv-00201-P (N.D. Tex.)
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<h2>Welcome to the Six Flags Securities Litigation Website</h2>
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<p style="text-align: justify;">The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the <a href="/admin/api/connectedapps.cms.extensions/asset?id=e4e50f61-7160-4762-a585-9b96c6404d16&languageId=1033&inline=true" target="_blank">Notice</a> for additional details.</p>
<h3 style="text-align: center;"><u>Summary of the Action and Settlement</u></h3>
<p style="text-align: justify;">This Website relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that Defendants Six Flags Entertainment Corporation (“Six Flags”), James Reid-Anderson (Six Flags’ former Chairman, President, and Chief Executive Officer), and Marshall Barber (Six Flags’ former Chief Financial Officer) (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements to investors concerning the development of several Six Flags-branded theme parks in China.</p>
<p style="text-align: justify;">Subject to Court approval, Lead Plaintiff Oklahoma Firefighters Pension and Retirement System and additional Named Plaintiff Key West Police & Fire Pension Fund (collectively, “Plaintiffs”), on behalf of themselves and the Settlement Class, have agreed to settle the Action in exchange for a settlement payment of $40,000,000 in cash (the “Settlement Amount”). The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (i) any Taxes; (ii) any Notice and Administration Costs; (iii) any Litigation Expenses awarded by the Court; (iv) any attorneys’ fees awarded by the Court; and (v) any other costs or fees approved by the Court) will be distributed in accordance with a plan of allocation that is approved by the Court. </p>
<p style="text-align: justify;">If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded. The Settlement Class consists of: </p>
<p style="margin-left: 40px; text-align: justify;"><strong>All persons and entities who purchased the publicly traded common stock of Six Flags between April 24, 2018 and February 19, 2020, inclusive (the “Class Period”), and were damaged thereby.</strong></p>
<p style="text-align: justify;">Excluded from the Settlement Class are: (i) Defendants; (ii) members of the Immediate Family of any Individual Defendant; (iii) any person who is, or was during the Class Period, an officer or director of Six Flags and any members of their Immediate Family; (iv) any affiliates or subsidiaries of Six Flags; (v) any entity in which any Defendant or any members of their Immediate Family has or had a controlling interest; and (vi) the legal representatives, heirs, agents, affiliates, successors, or assigns of any such excluded persons and entities. Also excluded from the Settlement Class are any persons or entities who or which exclude themselves by submitting a request for exclusion that is accepted by the Court in accordance with the requirements set forth in the Notice. </p>
<p style="text-align: justify;">Please read the Notice to fully understand your rights and options. Copies of the <a href="/admin/api/connectedapps.cms.extensions/asset?id=e4e50f61-7160-4762-a585-9b96c6404d16&languageId=1033&inline=true" target="_blank">Notice</a> and <a href="/admin/api/connectedapps.cms.extensions/asset?id=ddd0c105-c2e4-4491-96ba-99afbc36b704&languageId=1033&inline=true" target="_blank">Claim Form</a> can be found in the menu at the top of this page.</p>
<p style="text-align: justify;">If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form with adequate supporting documentation to the Claims Administrator either by mail or online, in accordance with the instructions set forth in the Claim Form. If mailed, the Claim Form must be postmarked no later than <strong>February 4, 2025</strong> and mailed to the address stated in the Claim Form. If submitted online under the File a Claim section of this website, the Claim Form must be submitted no later than <strong>February 4, 2025</strong>.</p>
<p style="text-align: justify;">Payments to eligible claimants will be made only if the Court approves the Settlement and a Plan of Allocation, only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.</p>
<p style="text-align: justify;"> </p>
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<th colspan="2" scope="col" style="background: rgb(217, 217, 217); text-align: center; vertical-align: middle;">YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:</th>
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<td style="background:#f2f2f2"><strong>SUBMIT A CLAIM FORM <em>POSTMARKED </em>(IF MAILED), OR <em>SUBMITTED ONLINE</em>, NO LATER THAN FEBRUARY 4, 2025.</strong></td>
<td style="text-align: justify;">This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in ¶ 34 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in ¶ 35 of the Notice), so it is in your interest to submit a Claim Form.</td>
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<td style="background:#f2f2f2"><strong>EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS <em>RECEIVED </em>NO LATER THAN JANUARY 7, 2025. </strong></td>
<td style="text-align: justify;">If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendants’ Releasees concerning the Released Plaintiffs’ Claims.</td>
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<td style="background:#f2f2f2"><strong>OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS <em>RECEIVED </em>NO LATER THAN JANUARY 7, 2025. </strong></td>
<td style="text-align: justify;">If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation, or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.</td>
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<td style="background:#f2f2f2"><strong>GO TO A HEARING ON JANUARY 28, 2025, AT 9:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS <em>RECEIVED </em>NO LATER THAN JANUARY 7, 2025.</strong></td>
<td style="text-align: justify;">Filing a written objection and notice of intention to appear by January 7, 2025 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and Litigation Expenses. In the Court’s discretion, the January 28, 2025 hearing may be conducted by telephone or video conference (see ¶¶ 58-59 of the Notice). If you submit a written objection, you may (but you do not have to) participate in the hearing and, at the discretion of the Court, speak to the Court about your objection.</td>
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<td style="background:#f2f2f2"><strong>DO NOTHING</strong></td>
<td style="text-align: justify;">If you are a Settlement Class Member and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a Settlement Class Member, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.</td>
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<h3 style="text-align: center;"><u>How do I obtain more information?</u></h3>
<p style="text-align: center;">Detailed information about the Settlement is contained in the <a href="/admin/api/connectedapps.cms.extensions/asset?id=e4e50f61-7160-4762-a585-9b96c6404d16&languageId=1033&inline=true" target="_blank">Notice</a>, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free<br>
877-753-9183 or emailing [email protected] or mailing a letter to:</p>
<p style="text-align: center;">Six Flags Securities Litigation<br>
c/o JND Legal Administration<br>
PO Box 91074<br>
Seattle, WA 98111</p>
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<p style="text-align: center;"><strong>Inquiries should NOT be directed to the Court or the Clerk of the Court.</strong></p>
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