Supreme Court to hear case for former Six Flags Over Georgia investors

Posted | Contributed by Jeff

The Supreme Court will hear the case where $257 million in punitive damages was awarded to former investors by a lower court on the charge that Time Warner, the former owner, mismanaged the park to decrease its value. The court will decide if such a large amount is constitutional.

The case applies to the former investors of Six Flags Over Georgia, before Premier Parks (now Six Flags, Inc.) purchased the chain in 1998 from Time Warner. The investors charged that Time Warner mismanaged the park in order to decrease its value.

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