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EBay ordered to pay $63M over counterfeit luxury goods sold on its site
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.
Online marketplace eBay Inc. says it plans to appeal a French ruling that the company must pay $63 million because counterfeit goods ... more -
Ebay to pay $59M to fashion house for selling fakes
PARIS - A French commercial court Monday ordered eBay Inc. to pay more than $59 million to a high-end fashion company because counterfeit goods were sold on the auction site.
The fashion company, LVMH Moet Hennessy Louis Vuitton SA, is home to such prestigious brands including Louis Vuitton, Givenchy, Fendi, Emilio Pucci and Marc Jacobs, and had complained that 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 countered that LVMH is trying to crack down on Internet auctions merely because it is uncomfortable with the business model, which tends to cut out the middleman.
"If counterfeits appear on our site, we take them down swiftly," eBay spokeswoman Sravanthi Agrawal said. "But today's ruling is not about counterfeits. Today's ruling is about an attempt by LVMH to protect uncompetitive commercial practices at the expense of consumer choice and the livelihood of law-abiding sellers that eBay empowers every day."
She said eBay hopes to appeal the ruling.
PARIS - A French commercial court Monday ordered eBay Inc. to pay more than $59 million to a high-end fashion company because counterf... more -
Fake Ferraris were Toyotas and Pontiacs!
The fake Ferraris that were being sold in Italy for $30,000 (about $100k less than a real one would cost) were crafted out of Toyotas and Pontiacs.... The fake Ferraris that were being sold in Italy for $30,000 (about $100k less than a real one would cost) were crafted out of Toyotas ... more
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Smugglers clone FedEx and Border Patrol vans
No, really? Anyone ever seen "The Italian Job"?
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Man Tries Depositing $1 Mill Bill
Nice!
"Man walks into a bank, wants to open an account, hands teller a $1 million bill.
Riiiiiiiiight."
Did he really think he could pull it off? I mean seriously. Nice! "Man walks into a bank, wants to open an account, hands teller a $1 million bill. Riiiiiiiiight." ... more -
Best Buy Rips Off Man With Box of Tiles
Sam says that he went to BestBuy.com and bought a hard drive for in-store pick up. What he got was a box of bathroom tiles. Now Best Buy is saying he'd better take it up with manufacturer and that they're not going to issue a refund and that Sam should just take his loss. Sam says that he went to BestBuy.com and bought a hard drive for in-store pick up. What he got was a box of bathroom tiles. Now Best B... more
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Simpson's Rolex is a fake, Goldmans find
A watch seized from the former football star to help settle a civil judgment against him turns out to be a knockoff from China. The comedy of errors continues for the Juice. A watch seized from the former football star to help settle a civil judgment against him turns out to be a knockoff from China. The co... more
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Counterfeits
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Counterfeits
