eBay's Fake Louis Vuitton To Cost It $61M

07/09/2008 05:12 am ET | Updated May 25, 2011

PARIS -- EBay said it would appeal a French court's order that it pay 38.6 million euros ($60.8 million) in damages to the French luxury goods company LVMH, the latest round in a long-running legal battle over the sale of counterfeit goods on the Internet.

LVMH Moët Hennessy Louis Vuitton, a maker of high-end goods and 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.

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