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.
July 01, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A French court ordered eBay Inc. to pay more than $61 million to a high-end fashion company Monday because counterfeit goods were sold on the auction site.
The fashion company, LVMH Moet Hennessy Louis Vuitton SA, is home to such prestigious brands as Louis Vuitton, Givenchy, Fendi, Emilio Pucci and Marc Jacobs, and had complained that it was hurt by the sale of knockoff bags and clothes on eBay.
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