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EBay ordered to pay $63M over counterfeit luxury goods sold on its site

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Online marketplace eBay Inc. says it plans to appeal a French ruling that the company must pay $63 million because counterfeit goods were sold through its site.

A Paris court on Monday ordered Internet auctioneer eBay to pay $63 million in damages to Louis Vuitton for selling fake luxury goods online, according to reports.

The court also barred eBay from selling four perfume brands -- Christian Dior, Kenzo, Givenchy and Guerlain, AFP reported.
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