African American Super Soaker Creator just won $72.9 MILLION owed by Hasbro.

[pnwmom]

http://news.aazah.com/content/super-soaker-creator-receives-729m-unpaid-royalties-hasbro#.VrQjGceJnww

The Atlanta-based company behind the Super Soaker water gun and Nerf toy guns has been awarded nearly $73 million in royalties from toymaker Hasbro Inc., according to the law firm King & Spalding.

Johnson Research and Development Co. and founder Lonnie Johnson have been in a royalty dispute with Hasbro since February, when the company filed a claim against the giant toy company. According to King & Spalding, which along with the A. Leigh Baier P.C. law firm represented Johnson, Hasbro underpaid royalties for the Nerf line toys from 2007 to 2012.

SNIP

Johnson, a nuclear engineer, Tuskegee University Ph.D. and former NASA scientist, founded his company in 1989. It was the same year he first licensed the Super Soaker, which generated more than $200 million in retail sales two years later, the company said. The toy was licensed to Larami Corp., which was later purchased by Hasbro.

Johnson holds more than 80 patents, with more than 20 pending, the company said, which said sales of the Super Soaker have approached nearly $1 billion.

SNIP

[Journeyman]

1. Always good to hear when a small business prevails over a corporation. . .

[HassleCat]

2. Not only that

You should see the NUCLEAR Super Soaker.

[pnwmom]

3. *

[Kind of Blue]

4. Thanks for this bit of great news! n/t

[Number23]

5. K&R!