After a drawn-out quarrel with game company Hasbro, the Atlanta-based company behind the Super Soaker water and Nerf toy guns has been awarded nearly $73 million.
Johnson Research and Development Co. and founder Lonnie Johnson has been in a royalty dispute with Hasbro since February, when the company decided to file a claim.
According to Johnson’s law firm, King & Spalding, the giant toy corporation underpaid the creator in royalties for Nerf line products, specifically the N-Strike and Dart Tag brands, from 2007 to 2012.
Albiet Johnson could not be reached for commentary, attorney Leigh Baier spoke on behalf of his client explaining why he was happy with the final result.
In the arbitration we got everything we asked for. The arbitrator ruled totally in Lonnie’s favor.
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.