Hasbro Wants $73M Award Over Nerf Royalties Vacated

Law360, Los Angeles (November 18, 2013, 9:36 PM EST) -- Hasbro Inc. asked a Rhode Island federal court on Monday to void a nearly $73 million arbitration award to Nerf licensor Johnson Research & Development Co. Inc. over royalties, arguing the products central to the arbitration did not use any Johnson Research technology.

An arbitrator last month ordered Hasbro to pay Johnson Research $72.9 million in royalties owed under its license agreement for Nerf toy guns. But Hasbro claims the arbitrator decided Johnson Research was owed royalties for entire collections of Nerf guns even if only one...
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