Law Forum : Lonnie Johnson, founder of the Super Soaker, has been awarded a nearly $73 million settlement

jamesfrmphilly

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Lonnie Johnson, founder of the Super Soaker, has been awarded a nearly $73 million settlement from Hasbro Inc. for unpaid royalties according to The Atlanta-Journal Constitution.
The nuclear engineer, Tuskegee University Ph.D. and former NASA scientist invented the Super Soaker, which was licensed to Larami Corporation and was later purchased by Hasbro.

His company, Johnson Research and Development Co., has been in a licensing dispute with Hasbro since February, claiming Hasbro has underpaid royalties for the Nerf line from 2007 to 2012.
Johnson invented the Super Soaker in 1989, which has since reached almost $1 billion in sales. He holds approximately 80 patents, with more than 20 pending and his other inventions have include rechargeable battery technology and thermodynamic energy conversion technology.

http://www.clutchmagonline.com/2013/11/super-soaker-creator-wins-72-million-lawsuit/
http://thegrio.com/2013/11/07/creator-of-the-super-soaker-awarded-72-9m-from-hasbro-toys/
 

dunwiddat

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Sep 17, 2012
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Lonnie Johnson, founder of the Super Soaker, has been awarded a nearly $73 million settlement from Hasbro Inc. for unpaid royalties according to The Atlanta-Journal Constitution.
The nuclear engineer, Tuskegee University Ph.D. and former NASA scientist invented the Super Soaker, which was licensed to Larami Corporation and was later purchased by Hasbro.


I am glad that he has received a settlement.. Would be good if he can use some of his money to invest in communities for black kids who marginalised and in need of help...or in some kind of college fund for black kids.
His company, Johnson Research and Development Co., has been in a licensing dispute with Hasbro since February, claiming Hasbro has underpaid royalties for the Nerf line from 2007 to 2012.
Johnson invented the Super Soaker in 1989, which has since reached almost $1 billion in sales. He holds approximately 80 patents, with more than 20 pending and his other inventions have include rechargeable battery technology and thermodynamic energy conversion technology.

http://www.clutchmagonline.com/2013/11/super-soaker-creator-wins-72-million-lawsuit/
http://thegrio.com/2013/11/07/creator-of-the-super-soaker-awarded-72-9m-from-hasbro-toys/
 

Frenemy

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Oct 22, 2013
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I remember seeing him on the news once, apparently his battery allows cars to travel up to 1,000 miles before needing to be recharged. I think other batteries would only allow for 100 miles worth of travel. Anyway, glad to see he's getting some money to fund his work! :)
 

Gorilla

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I hope you can use some of it to at least work towards his other projects he was interested in but could not secure seed funding for.
 

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