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

Discussion in 'Law Forum - Prisons - Gun Ownership' started by jamesfrmphilly, Nov 8, 2013.

  1. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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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/

    Creator of the 'Super Soaker' awarded $72.9M from Hasbro toys

    theGRIO REPORt - Legal disputes through 2007-2012 between Hasbro and Lonnie Johnson’s company kept him from being properly compensated for his invention...
    thegrio.com
     
  2. dunwiddat

    dunwiddat Well-Known Member MEMBER

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  3. Frenemy

    Frenemy Well-Known Member MEMBER

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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! :)
     
  4. candeesweet

    candeesweet going above and beyond PREMIUM MEMBER

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    Faught and Got! Way of the land.
     
  5. Gorilla

    Gorilla Well-Known Member MEMBER

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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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