Monday, June 30, 2008

Ebay has to pay $61 million for fake goods


PARIS - A French court ordered eBay Inc. to pay more than $61 million to a fashion company because they allowed the sale of many fake high-end goods.

LVMH Moet Hennessy Louis Vuitton SA, have been complaining that the goods were fakes and copies. I am sure this will take a huge bite out of Ebay's pocket and will tighten down Ebay sales.

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