Bleichmar Fonti & Auld LLP said it is examining whether Six Flags Entertainment Corporation's investor statements about ride safety, maintenance and reliability were misleading after a fatal Oct. 12 accident at its Georgia park and a steep one-day share decline.
The law firm announced the inquiry Nov. 10. Its notice concerns possible securities fraud; BFA has not announced a complaint or identified which securities a potential case could cover. The firm is seeking information from investors and says fees and expenses under its contingency arrangement would require court approval.
Yahoo Finance historical prices show Six Flags shares closed at $11.92 on Oct. 12 and $10.20 on Oct. 13, a 14.43% decline. The price records confirm the drop but do not establish what caused it.
Cobb County Police Department officers responded at about 3:58 p.m. ET Oct. 12, the department said. Police identified the guest as Hassan Jihad Ibn Kariem, 42, of Atlanta. Police said preliminary witness and employee interviews indicated Kariem was ejected from the coaster, struck other visitors and fell beneath it. The department said its investigation remains active.
Georgia's Office of the Commissioner of Insurance and Safety Fire (OCI) said the incident involved Goliath. The agency reported that its March 16, 2026, inspection found no violations, deficiencies, citations or red tags. Under Georgia rules, a ride involved in a fatality must remain out of service until OCI completes a full investigation. The agency said it would share its findings when the review ends but did not set a date.
In an Oct. 23 update, Six Flags said Goliath remained closed pending safety reviews and clearances. It also reported that eight additional rides at five other parks were temporarily closed. The company said outside engineers and ride-inspection experts would assess safety procedures across its parks. Six Flags President and CEO John Reilly said, “I know trust is earned through actions and not words.”
