Lonnie Johnson, founder of the Super Soaker, has been awarded a nearly $73 million settlement from Hasbro Inc. for unpaid royalties. 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. We’re glad the living legend is finally getting his due.
Can we just