EBay ordered to pay $63M over counterfeit luxury goods sold on its site - Austin Business Journal:
Online marketplace eBay Inc. says it plans to appeal a French ruling that the company must pay $63 million because counterfeit goods were sold through its site.Technorati Tags: counterfiet, ebay, Louis Vuitton, Christian Dior
San Jose-based eBay (Nasdaq:EBAY) says it takes down counterfeits "swiftly" and added that the ruling by the Tribunal de Commerce in Paris, France, "is not about our fight against counterfeit; today's ruling is about an attempt by (the manufacturer) to protect uncompetitive commercial practices at the expense of consumer choice and the livelihood of law-abiding sellers that eBay empowers every day."
As part of the ruling eBay was ordered to pay damages to Louis Vuitton and Christian Dior for the sale of counterfeit products and was also ordered to pay perfumiers Christian Dior, Kenzo, Givenchy and Guerlain for infringing on a selective distribution network.
The court said eBay will be fined for every day that it doesn't stop advertising sales of the perfume brands.
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