Today, French courts awarded damages of $61M to fashion house Louis Vuitton in their case against ebay. Claiming that over 90% of the ebay listings for their items were counterfeits the court decided that ebay were not doing enough to combat the rampant fraud on their auction site. This does not bode well for ebay, already taking a battering from users over recent rule & fee changes & facing similar lawsuits in the US from Tiffanys.
Monday, June 30, 2008
ebay Woes
Today, French courts awarded damages of $61M to fashion house Louis Vuitton in their case against ebay. Claiming that over 90% of the ebay listings for their items were counterfeits the court decided that ebay were not doing enough to combat the rampant fraud on their auction site. This does not bode well for ebay, already taking a battering from users over recent rule & fee changes & facing similar lawsuits in the US from Tiffanys.
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