A French court has ordered eBay to pay more than $61 million to a high-end fashion company because counterfeit goods were sold on the auction site. LVMH Moet Hennessy Louis Vuitton SA had complained it was hurt by the sale of knockoff items on eBay. An adviser to the company said the decision was an answer to the question of whether the Internet is a "free-for-all for the most hateful, parasitic practices." EBay countered that LVMH is merely uncomfortable with Internet auctions, which cut out the middleman.
EBay Told to Pay $61 Million to Fashion Company Over Sales of Fake Goods
The Associated Press
July 1, 2008