From the original article, "Spongetech is all wet":
Michael Popovsky, CEO of LA-based sponge maker Spongeables, a SpongeTech rival, scoffs at the idea that a company that sells sponges with soap in them can generate $50 million in annual revenue.
"Impossible," he said. "Categorically not."
Those 3 words appear to be the entire case against Popovsky. No other quotes attributed to him appear in the article. The exact question to which he is responding and the person to whom he is responding may be assumed, but are not stated. I'm sure that it has been mentioned, but the case would require testimony from at least one member of the press.....something rarely provided even in less than critical cases.
Interesting distraction, not so sure about it being a great basis for a lawsuit. Even in the event that SPNG somehow establishes that their 2009 sales were or could have been $50 million, and that the statement was made in response to the implied question, I'm not convinced that the above 3 word OPINION is actionable.
