iOS app Android app More

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

Ebay Louis

First Posted: 07/09/08 06:12 AM ET Updated: 05/25/11 01:35 PM ET

New York Times:

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.

Read the whole story: New York Times

FOLLOW HUFFPOST BUSINESS

Filed by Dave Burdick  |