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Wednesday, May 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Amusement Parks

A federal court in Texas granted amusement park company Six Flags’ motion to dismiss a securities fraud action against it relating to statements it made about its international developments in China, which never materialized. The statements the plaintiffs’ claim were fraudulent “constitute inactionable puffery and corporate optimism,” the court ruled.

FORT WORTH, Texas — A federal court in Texas granted amusement park company Six Flags’ motion to dismiss a securities fraud action against it relating to statements it made about its international developments in China, which never materialized. The statements the plaintiffs’ claim were fraudulent “constitute inactionable puffery and corporate optimism,” the court ruled.

Categories / Business, Financial, Securities

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