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Article: bizworld: French court directs Ebay to pay $61 million over counterfeit goods.(Business)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- July 1, 2008
CopyrightCOPYRIGHT 2008 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS | A French court ordered eBay Inc. to pay more than $61 million to a high-end fashion company Monday because counterfeit goods were sold on the auction site.
The fashion company, LVMH Moet Hennessy Louis Vuitton SA, is home to such brands as Louis Vuitton, Givenchy and Fendi and had complained it was hurt by the sale of knockoff bags and clothes on eBay. Pierre Godet, an adviser to LVMH Chairman and CEO Bernard Arnault, said the Paris court's decision was "an answer to a particularly serious question, on whether the Internet is a free-for-all for the most hateful, parasitic practices."
EBay, which hopes to appeal, said LVMH is trying to crack down ...