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

    Country:
    United States
    Joined:
    Jun 18, 2004
    Messages:
    32,006
    Likes Received:
    11,483
    Gender:
    Male
    Occupation:
    retired computer geek
    Location:
    north philly ghetto
    Ratings:
    +13,743
    [​IMG]

    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/
     
  2. dunwiddat

    dunwiddat Well-Known Member MEMBER

    Country:
    Barbados
    Joined:
    Sep 17, 2012
    Messages:
    2,422
    Likes Received:
    1,481
    Gender:
    Female
    Ratings:
    +1,503
     
  3. Frenemy

    Frenemy Well-Known Member MEMBER

    Joined:
    Oct 22, 2013
    Messages:
    85
    Likes Received:
    85
    Gender:
    Female
    Ratings:
    +85
    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 Well-Known Member MEMBER

    Country:
    United States
    Joined:
    Aug 20, 2010
    Messages:
    2,211
    Likes Received:
    994
    Gender:
    Female
    Ratings:
    +1,019
    Faught and Got! Way of the land.
     
  5. Gorilla

    Gorilla Well-Known Member MEMBER

    Country:
    United States
    Joined:
    Jan 31, 2009
    Messages:
    2,479
    Likes Received:
    1,382
    Gender:
    Male
    Ratings:
    +1,399
    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.
     
Loading...
Similar Threads - Lonnie Johnson founder
  1. RAPTOR
    Replies:
    6
    Views:
    454
  2. CosmicMessenger
    Replies:
    2
    Views:
    243
  3. CosmicMessenger
    Replies:
    0
    Views:
    350
  4. cherryblossom
    Replies:
    9
    Views:
    3,345
  5. Ankhur
    Replies:
    0
    Views:
    396

Users found this page by searching for:

  1. lonnie johnson super soaker settlement