Hasbro Soaked With Suit Over Water Gun Royalties

Law360, Los Angeles (February 12, 2013, 8:53 PM EST) -- Product development firm Johnson Research & Development Co. Inc. sued Hasbro Inc. in Georgia federal court Monday, accusing the toy company of stiffing it on royalties for the famous Super Soaker water gun under a license agreement giving Hasbro the right to manufacture the toy.

Johnson Research, whose president Lonnie G. Johnson invented the Super Soaker, claims Hasbro broke its contract with the company by refusing to pony up $75,000 in royalties between 2006 and 2012 that it owes under a license agreement between Lonnie G. Johnson Engineering Co. and toy company Larami Corp. Larami licensed the rights to the Super...

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