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The new B&M dive roller coaster will open in 2024.
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Kennywood, Dorney and Lakemont have 3 of the 10 oldest rides.
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A complaint posted on Twitter by a parent prompted the action.
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The attraction will start at Cedar Point, then run at Kings Dominion and Dorney Park.
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The park refurbishes its many rides while the park is closed.
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Grand Carnivale will take place for a limited time at Kings Dominion, Kings Island, Worlds of Fun and Dorney Park.
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The suit seeks $150,000 in damages for unspecified injuries.
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Cedar Fair was dismissed from the lawsuit, but the plaintiff will be awarded $2.75 million.
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The park has not revealed what will go in its place.
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The alleged scheme was discovered when auditors noticed more ticket purchases than bus seat sales.