logo
Iowa amusement park's former owner settles lawsuit over 11-year-old's drowning

Iowa amusement park's former owner settles lawsuit over 11-year-old's drowning

CTV News03-06-2025
An Iowa amusement park's former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021.
A company that previously owned Adventureland park in the Des Moines suburb of Altoona, along with its former CEO and three managers, reached a settlement with the family of Michael Jaramillo on Sunday. Jury selection had been scheduled to start Monday for a trial over the lawsuit brought by the family. The settlement terms are confidential.
Michael Jaramillo, his parents, two brothers and another family member were strapped into a 1,700-pound (770-kilogram) raft on the Raging River ride on July 3, 2021, when it flipped over. All six hit their heads on the surface under the water, but Michael Jaramillo and one of his brothers could not get out of their seatbelts and were trapped, head-down, underwater for about 10 minutes, according to the family.
The lawsuit alleged that for years, Adventureland failed to properly maintain and repair its rides, including the Raging River. It also said the park continued to operate the water ride on the day of the accident despite reports of serious problems.
The park's former owner, Adventure Lands of America, former CEO Michael Krantz, and the three managers, denied that the ride had been operated improperly or insufficiently supervised. But Fred Dorr, an attorney for the family, said Tuesday that their lawyers believe they built a strong case that the park and its employees were responsible.
'Imagine the terror going on in those kids' minds,' Dorr said. 'And then you turn to the jury and say, 'What's that worth, to watch your child die like that?'
An attorney for Adventure Lands of America did not immediately return a telephone message seeking comment Tuesday. However, in answering the lawsuit, the defendants said the accident resulted from 'a series of unexpected and intended factors' and that, in the 38 years the ride operated before the accident, no raft had overturned.
Krantz is a member of a Des Moines-area family that began operating Adventureland in the 1970s and sold it and other affiliated assets months after the accident to the subsidiary of an international amusement park company based in Spain.
In March, Herschend, a company based in the Atlanta area, purchased the Spanish company's U.S. properties, including Adventureland. Herschend operates the Dollywood theme park in Tennessee and Silver Dollar City near Branson, Missouri.
John Hanna, The Associated Press
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Former U.S. soldier is suspected in Montana bar shooting that killed 4, prompting manhunt
Former U.S. soldier is suspected in Montana bar shooting that killed 4, prompting manhunt

CTV News

timean hour ago

  • CTV News

Former U.S. soldier is suspected in Montana bar shooting that killed 4, prompting manhunt

ANACONDA, Mont. — A shooting at a Montana bar left four people dead Friday, prompting a lockdown in a neighborhood several miles away as authorities searched for the suspect in a wooded, mountainous area. The shooting happened around 10:30 a.m. at The Owl Bar in Anaconda, according to the Montana Division of Criminal Investigation, which is leading the investigation. The agency confirmed four people were pronounced dead at the scene. The suspect, identified as 45-year-old military veteran Michael Paul Brown, lived next door, according to public records and bar owner David Gwerder. The bartender and three patrons were killed, said Gwerder, who was not there at the time. He believed the four victims were the only ones present during the shooting, and was not aware of any prior conflicts between them and Brown. 'He knew everybody that was in that bar. I guarantee you that,' Gwerder said. 'He didn't have any running dispute with any of them. I just think he snapped.' Brown's home was cleared by a SWAT team and he was last seen in the Stump Town area, just west of Anaconda, authorities said. More than a dozen officers from local and state police converged on that area, locking it down so no one was allowed in or out. A helicopter also hovered over a nearby mountainside as officers moved among the trees, said Randy Clark, a retired police officer who lives there. Brown was believed to be armed, the Montana Highway Patrol said in a statement. Brown served in the U.S. Army as an armor crewman from 2001 to 2005 and deployed to Iraq from early 2004 until March 2005, according to Lt. Col. Ruth Castro, an Army spokesperson. Brown was in the Montana National Guard from 2006 to March 2009, Castro said. He left military service in the rank of sergeant. As reports of the shooting spread through town, business owners locked their doors and sheltered inside with customers. At Caterpillars to Butterflies Childcare, a nursery a few blocks from the shooting scene, owner Sage Huot said she'd kept the children inside all day after someone called to let her know about the violence. 'We're constantly doing practice drills, fire drills and active shooter drills, so we locked down the facility, locked the doors, and we have a quiet spot where we play activities away from all of our windows and doors,' Huot said. Anaconda is about 75 miles (120 kilometres) southeast of Missoula in a valley hemmed in by mountains. A town of about 9,000 people, it was founded by copper barons who profited off nearby mines in the late 1800s. A smelter stack that's no longer operational looms over the valley. The owner of the Firefly Cafe in Anaconda said she locked up her business at about 11 a.m. Friday after getting alerted to the shooting by a friend. 'We are Montana, so guns are not new to us,' cafe owner Barbie Nelson said. 'For our town to be locked down, everybody's pretty rattled.' By Matthew Brown And Colleen Slevin. Brown reported from Billings, Montana, and Slevin from Denver. AP writer Lisa Baumann in Bellingham, Washington, contributed to this report.

Confluent, Inc. Earnings Call: Growth Amid Challenges
Confluent, Inc. Earnings Call: Growth Amid Challenges

Globe and Mail

timean hour ago

  • Globe and Mail

Confluent, Inc. Earnings Call: Growth Amid Challenges

Confluent, Inc. ((CFLT)) has held its Q2 earnings call. Read on for the main highlights of the call. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Confluent, Inc. recently held its earnings call, revealing a mixed sentiment among stakeholders. The call underscored robust growth in subscription and cloud revenue, driven by new Flink offerings and strategic partnerships. However, this optimism was tempered by challenges in customer optimization and a significant shift by a major AI customer, which could impact future cloud revenue. The overall sentiment suggests a cautious outlook, balancing between promising growth and notable challenges. Growth in Subscription and Cloud Revenue Confluent reported a 21% increase in subscription revenue, reaching $270.8 million. The Confluent Cloud revenue also saw a significant rise of 28%, totaling $150.5 million and accounting for 56% of the total subscription revenue. This growth highlights the company's strong performance in expanding its cloud offerings. Flink ARR Growth The company's Flink Annual Recurring Revenue (ARR) experienced a threefold increase over the past two quarters, nearing $10 million. This growth indicates strong traction in Confluent's DSP monetization strategy, showcasing the potential of their Flink offerings. Operational and Strategic Enhancements Efforts to enhance account coverage and develop DSP specialist teams resulted in a more than 40% sequential increase in late-stage pipeline progression. These strategic enhancements are pivotal for Confluent's operational efficiency and future growth. Partner Ecosystem Expansion Confluent expanded its partnerships with major companies like Infosys, Jio, and EY. Over 20% of the business is now partner-sourced, which significantly enhances the company's global market penetration and strategic positioning. Cloud Consumption Headwinds Despite the growth, larger customers' optimization efforts led to lower-than-expected consumption growth. Month-over-month trends have been trailing compared to the same period in previous years, indicating potential headwinds in cloud consumption. AI Customer Shift A notable AI-native customer has reduced its usage of Confluent Cloud due to a shift towards self-management. This change is expected to dampen Q4 cloud revenue growth rates by low single digits, posing a challenge for future revenue projections. Gross Revenue Retention Decline Confluent's gross revenue retention fell slightly below 90%, reflecting some churn and optimization effects that are impacting overall retention. This decline suggests areas where the company needs to focus on improving customer retention strategies. Forward-Looking Guidance Looking ahead, Confluent provided guidance for the fiscal third quarter of 2025, with expected subscription revenue between $281 million and $282 million, representing approximately 17% growth. For the full fiscal year 2025, the company raised its subscription revenue guidance to a range of $1.105 billion to $1.11 billion, indicating around 20% growth. The non-GAAP operating margin is projected to be about 6%, with an adjusted free cash flow margin of approximately 6%, reflecting the company's focus on driving efficiencies and strategic growth. In summary, Confluent's earnings call presented a balanced view of its current performance and future prospects. While there is strong growth in subscription and cloud revenues, challenges such as customer optimization efforts and shifts in major customer usage patterns present hurdles. The company's strategic initiatives and forward-looking guidance suggest a cautious yet optimistic path forward.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store