News articles on Black Market Activities

EBay ordered to pay $61 million in damages for counterfeits

Ebay has been ordered by a French court to pay luxury goods maker Louis Vuitton $61 million in damages for selling counterfeit products on its website.

From New York Times:

A French court on Monday ordered the online auction giant eBay to pay 38.6 million euros, or $61 million, in damages to the French luxury goods company LVMH, in the latest round in a long-running legal battle over the sale of counterfeit goods on the Internet.

LVMH, a maker of high-end leather goods, perfumes and other fashion and luxury products, successfully challenged eBay for a second time in the French court, arguing that 90 percent of the Louis Vuitton bags and Dior perfumes sold on eBay are fakes.

The court ruled that eBay, which earns a commission on the sales, was not doing enough to stamp out counterfeit sales.

EBay vowed to appeal the ruling in a brief statement issued immediately after the decision was announced.

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Date
July 1st, 2008

Author
havocscope

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