The legal expenses involved
Through March 31, 2008, OurPet’s has amassed legal expenses of $741,503 defending itself against a $1.2 billion corporation (Applica / Salton) and a $20 billion hedge fund (Harbinger Capital Partners.)
To put this in perspective, the legal costs OurPet’s has incurred is 7% of its 2007 revenue. In comparison, the same cost is only .06% of Applica / Salton’s 2006 revenue and .0037% of Harbinger’s 2007 managed capital value.
