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

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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 at New York Times