Johnson Research and Development Co. founder Lonnie Johnson has 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. From ajc.com
Super Soaker Creator Gets a Whopping $73 Million Dollar Settlement!
“In the arbitration we got everything we asked for,” said Atlanta attorney Leigh Baier. “The arbitrator ruled totally in Lonnie’s favor.” The attorney also said Johnson “is very pleased” with the outcome.
Who is Lonnie Johnson, African American born October 6, 1949 in Mobile, Alabama?
At Tuskegee he was elected into the Pi Tau Sigma National Engineering Honor Society and graduated with distinction in 1973 with a Bachelor of Science degree in Mechanical Engineering. After graduation? ON and UP. Read bio at The Black Inventor.
See what making toys can do. Let us stop playing with toys when we can make them!