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Atlanta–based Company behind Super Soaker Awarded $72.9 Million from Hasbro

11/8/2013, 6 a.m.
An arbitrator ordered Hasbro Inc. to pay about $72.9 million in royalties to the Atlanta-based Johnson Research & Development Co., ...
Super Soaker inventor Lonnie Johnson

An arbitrator ordered Hasbro Inc. to pay about $72.9 million in royalties to the Atlanta-based Johnson Research & Development Co., one of its licensors, over the toymaker’s line of Nerf guns.

Johnson Research has a separate case pending in federal court in Atlanta, which seeks royalties from Hasbro’s line of the popular Super Soakers, which were invented 25 years ago by Johnson’s founder, Lonnie G. Johnson, an engineer.

The royalties claimed are somewhat unusual. They relate to Hasbro products that are based on the appearance of products that are manufactured using technology licensed from Johnson Research. (Source: Businessweek)

Atlanta business and civic leaders to join Hope Financial Dignity Summit

Operation HOPE, the leading global financial dignity nonprofit, announced the commitment of a number of Atlanta business and civic leaders for the HOPE Global Financial Dignity Summit this month in Atlanta on November 13 and 14 at The Georgia International Convention Center.

Mayor Kasim Reed and President and CEO of the Federal Reserve Bank of Atlanta Dennis Lockhart headline a roster of elite Atlanta business and community leaders.

The two-day summit, featuring master of ceremonies Soledad O’Brien, Global Economic Recovery: How The Poor Can Help Save Capitalism, will frame the issue of financial inclusion, small business, entrepreneurship, jobs, and financial dignity as essential core ingredients to mid and long-term economic recovery and stability. It is expected to draw 1,000 of the most dynamic and influential financial industry professionals, government decision-makers and faith leaders from more than 50 countries around the world.

Urban League of Greater Atlanta’s Equal Opportunity Day Dinner and Gala

The 52nd Annual EOD Gala will take place at the Atlanta Marriott Marquis Hotel Atrium Ballroom, Saturday, Nov. 16 at 7 p.m. Angela Burt-Murray, Aspire TV Show “ Exhale” Co-Host and Former Essence Magazine Editor-In -Chief will host.

Those to be honored include Georgia Congressman John Lewis and Chick-fil-A Inc. President & COO Dan T. Cathy.

The Equal Opportunity Day Dinner and Gala recognizes corporations, organizations and individuals who champion equal opportunities for African-Americans and others in under served communities.

Tickets are $150 for members and $200 for nonmembers. For table reservations, sponsorship and individual tickets, please contact Dottie Johnson at 404-659-6580 or visit: http:/ulgatl.org/52eod.

Wells Fargo to Help Atlanta Area Customers Facing Mortgage Payment Challenges

Wells Fargo has invited nearly 8,900 mortgage customers to the free workshop which will be held on Thursday, Nov. 14 from 9 a.m. to 7 p.m. at the Georgia International Convention Center, Exhibit Hall B, located at 2000 Convention Center Concourse in College Park. Parking is free.

Wells Fargo & Company is hosting a free Home Preservation Workshop in Atlanta for Wells Fargo Home Mortgage, Wells Fargo Financial and Wells Fargo Home Equity customers facing financial hardships.

Customers should register by Tuesday, Nov. 12, at www.wfhmevents.com/leadingthewayhome or call 1-800-405-8067 for more information.

Fulton Atlanta Youthbuild Program seeks volunteers

The Fulton Atlanta Youthbuild Program is presently recruiting for the next semester, which starts in January 2014. The program for young adults, ages 18 thru 24, aides those who are unemployed and have dropped out of school. The program assists young people in getting their GEDs and moving on to higher education, as well as training them in construction skills and job placement. For more information, call 404-320-0166 or 404-525-6218 and visit: www.facaa.org.