Finally, somebody is stopping the con artist madness on eBay. Today, a Paris court on ordered eBay to pay $63 million in damages to Louis Vuitton for selling fake luxury goods online.
According to CNN.com.
eBay, the world's largest online auctioneer, said it would lodge an appeal and said the decision was not a victory for copyright law.
A spokesperson for eBay said: "This decision is not based on combating counterfeit material. It is based on LVMH's desire to protect its commercial practices and exclude competition,"
"This is being done at the expense of the consumers and sellers to whom eBay is always offering opportunities,"
I understand eBay's point, but they had no way in regulating the huge number of fake louies they were posting. Usually, if they had 25 LV items, maybe one of them were real. The others were fakes, very bad fakes I might add. I think it's good Louis V is protecting their image. There should be some sense of respect for their label. eBay should have been mindful of this when they received 100s of complaints for harboring fake louies. Maybe now, after the $63mill-mill fine, they will be more aware.