Some of you may have seen this, makes you not want to purchase from Sears again.
Nothing new.
Sears made millions by appropriating the quick-release ratchet designed by Peter M. Roberts in the 1960s. Only after years of litigation was he compensated.
http://articles.latimes.com/1986-07-14/business/fi-19337_1_wrench-case
But if Americans were motivated in their purchasing by ethics, they'd stop eating and buying all things corn and demand an end to Montsano's virtual monopoly of the corn industry.
Consumers don't care about minor stuff like that - they just want "cheaper".
Nothing new.
Sears made millions by appropriating the quick-release ratchet designed by Peter M. Roberts in the 1960s. Only after years of litigation was he compensated.
http://articles.latimes.com/1986-07-14/business/fi-19337_1_wrench-case
But if Americans were motivated in their purchasing by ethics, they'd stop eating and buying all things corn and demand an end to Montsano's virtual monopoly of the corn industry.
Consumers don't care about minor stuff like that - they just want "cheaper".
Same logic was used on the Crown Vics.^ That was the reason that Ford kept building the Pinto with the gas tank directly in front of the rear bumper: their bean-counters crunched the numbers and figured it would be cheaper over the long run to pay legal fees and settlements than redesign the vehicle.
Nothing new under the sun.
^ That was the reason that Ford kept building the Pinto with the gas tank directly in front of the rear bumper: their bean-counters crunched the numbers and figured it would be cheaper over the long run to pay legal fees and settlements than redesign the vehicle.
Nothing new under the sun.
The Pinto was as safe as any other small car of the time. They were the target of a law firm that smeared them to make a huge legal killing, and it worked.
Same logic was used on the Crown Vics.![]()
I read about this a while back, and my first inclination was to buy a Loggerhead Tools Bionic Wrench.
Untrue and bullshirt.Same logic was used on the Crown Vics.![]()
I for one is surprised that Sears wants to copy that tool. Its a silly holiday tool that will disappear eventually.
Sears should have focuses on core tools.
Idiotic decisions that get them where they are now.
They rely on the ability to outspend the little guy in the courtroom.
makes you not want to purchase from Sears again.
Yeah the Bionic wrench was a piece of junk gimmick tool no matter where it was made or who it was made by. The kind of thing someone who knows nothing about tools gives someone else for christmas and then it gets thrown in a drawer to rot from justifiable lack of use.
The poor kid, Pete Roberts, who invented the quick release though, he got royally screwed. Sears deliberately lied/tricked the teen Sears employee back in 1964 into signing away his patent rights for $10,000 and then Craftsman became the only ratchet that had a quick release for decades afterward, which really helped solidify the Craftsman line of tools with the American do-it-yourselfer. They made tens-of-millions upon tens-of-millions off of that swindle.
It took that kid 20 yrs to finally see Sears exhaust their appeals and settle with him for 8.9 million in 1989. Roberts then went on to form the company Link Tools, which never really yet managed to get a foothold anywhere that I know of. Not even sure if they are still around, though I do still see some of their sets for sale on ebay and whatnot.
Is Sears some sort of charity? Keeping slobs in business who can't compete globally nor intelligent enough to file a patent?
That small business owner reinvented the wheel. That's why he didn't have any patent protection. Existing patents already covered his "invention." He's lucky Sears gave him a few years of carrying his wrench.
Sear's issue is that it's was always too soft to succeed in the modern business world.
America, where you get all the justice you can afford.
Sears claims they based their tool design off of this patent:
https://searsholdings.com/images/article/Patent_2787925_Buchanan.pdf
Brown expressly argued, in his patent application, that his tool design was NOT based off of the patent Sears claims their design is based off of.
So, who's telling the truth?
The Sears design seems pretty clearly derivative of the 1957 patent (six lugs instead of three, but that's not enough of a difference to warrant a new patent). Brown swears Sears copied him, so did Brown lie in his patent application? Or is Brown lying about Sears copying his design?
This is old news. Sears won the lawsuit.
Bionic Wrench Maker Loggerhead Tools Loses Trademark Suit vs. Sears
http://www.techplz.com/bionic-wrench-maker-loggerhead-tools-loses-trademark-suit-vs-sears/173566/
Negatory.
Sears got the trademark/trade dress suit summarily dismissed.
The patent infringement lawsuit has not been decided as of yet.
It helps to read the links you post.
^ That was the reason that Ford kept building the Pinto with the gas tank directly in front of the rear bumper: their bean-counters crunched the numbers and figured it would be cheaper over the long run to pay legal fees and settlements than redesign the vehicle.
Nothing new under the sun.
Same logic was used on the Crown Vics.![]()
The Pinto is one of the most widely misunderstood cases of all time. There was no calculation to see if it was cheaper to pay off victims.
Doesn't this come around every few months? The thing happened YEARS ago.
There was a memo ("Fatalities Associated with Crash-Induced Fuel Leakage and Fires.") and there was a calculation. However the $49.5M "cost to society" of an estimated 180 burn deaths + 180 serious injures per year was less than the calculated $11/vehicle or $137M across all vehicle manufacturers (not just Ford) to fix the problem.
If Ford had been more corporately intelligent, they would have calculated potential liability, recoiled in shock, and then quickly moved to fix the problem, at least going forward. But their callous estimation that $11/vehicle was too much to even fix the problem in current production vehicles cost them dearly.
So you're kind of right. Tort liabilities were ignored in the calculation. The calculation was, what's 180 lives per year when you can save $11 per vehicle?