Law firm files class action suit against Cedar Fair alleging false statements in proxy

Posted Monday, February 22, 2010 11:27 PM | Contributed by Jeff

Levi & Korsinsky, LLP announces that on February 5, 2010, they filed a class action lawsuit on behalf of all current holders of units of interest in Cedar Fair, L.P. ("Cedar Fair") (NYSE:FUN) in connection with Cedar Fair's attempt to sell the company to affiliates of Apollo Global Management ("Apollo"). The complaint charges Cedar Fair, Cedar Fair's board of directors, and affiliates of Apollo with violations of the Securities Exchange Act of 1934 and Rule 14a-9. In particular, the complaint alleges defendants have issued materially false and misleading statements in its proxy statement schedule 14A regarding the proposed transaction wherein Apollo intends to acquire Cedar Fair.

Read the entire press release on Globe Newswire via CNN.

Tuesday, February 23, 2010 8:01 PM

Boy, when it rains for Kinzel and crew it pours...

I wonder how he is holding up these days with all of this and micromanaging the 2010 operational costs and procedures. Years of 50's style mgmt is catching up with him on one perfect storm that he created, I guess...

I am not a unit holder, but this is very interesting and more exited about the final outcome than any previous attractions...

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