EBay ordered to pay $61 million for selling fakes

PARIS (AP) - A French court has ordered eBay to pay more than 61 million dollars to a high-end fashion company because counterfeit goods were sold on the auction site. The company is home to such prestigious brands as Louis Vuitton, Givenchy, Fendi and Marc Jacobs. It had complained that it was hurt by the sales of knockoff bags and clothes on eBay. 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. EBay has been sued repeatedly by luxury goods companies over its users' attempts to sell fakes. It says it spends millions of dollars a year trying to clean up... [read full story]