A French court has ordered online auction house eBay to pay damages in the amount of $61 million to LVMH, a manufacturer of luxury goods including Louis Vuitton bags and Dior perfumes.
According to the court's ruling, eBay does not do enough to police its auctions to prevent the sale of counterfeit goods. LVMH argues that 90 percent of their goods on eBay are phonies.
EBay vowed to appeal the judgment, issuing a bellicose statement immediately after the decision, accusing LVMH of "protecting uncompetitive commercial practices at the expense of consumer choice and the livelihood of law-abiding sellers that eBay empowers every day."
The legal battle initiated by LVMH against the online auction giant is just one of many they have launched to take online retailers to task over what they claim is providing a marketplace for the sale of bootleg designer items.
A decision is pending in court over another case against eBay, this one by jeweler Tiffany & Company, who sued on similar grounds.
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