Q sues Cedar Fair board in federal court, says board didn't disclose nomination process

Posted | Contributed by Jeff

Cedar Fair misled investors for years with its “false and misleading” financial documents, Q Funding claims in a federal lawsuit filed Monday in Toledo. The lawsuit seeks damages from five members of Cedar Fair’s board of directors, including CEO Dick Kinzel. The suit claims the five board members approved secret regulations in 2004 that ban investors from nominating someone to the board. Those secret documents were only revealed in 2010, when Q sued Cedar Fair in an attempt to win the right to nominate directors, the lawsuit claims.