EBay fined 61m over fake goods: related news

Ebay Fined $61M By French Court For Sales of Fake Goods

A court in France ordered eBay to pay more than 61 mega-dollars to the parent company (LVMH) of Givenchy, Fendi, Marc Jacobs and Louis Vuitton, because a user sold fake goods on the website. eBay has been sued by other 'luxury goods' vendors (such as Tiffany's (US), Rolex (Germany) and L'Oreal (EU)). Problems stem from some companies demanding that their merchandise (even legal merchandise) not be displayed nor sold as it is a violation of their 'property.' Others have complained that eBay is too slow to take down claims. Apparently eBay was hit with two violations: 1) eBay illegally allowed legitimately purchased and owned products made by LVMH to be resold on its website by 3rd parties not under the control of LVMH, and 2) not doing enough to protect LVMH's brands from illegal sales.

eBay fined $61M in furor over fake goods

A French court has fined eBay US$61 million for allowing the sale of Louis Vuitton Malletier and Christian Dior Couture counterfeit goods on its Web site, the luxury goods company LVMH said Monday.

eBay claims court victory in Belgium over L'Oreal in counterfeit goods case

Online auctioneer eBay claimed yesterday to have won a Belgian court case against L'Oreal after the French cosmetics giant sued it over the sale of counterfeit goods. L'Oreal has brought cases against eBay in five European nations, including Belgium, accusing the company of not doing enough to prevent the sale of counterfeit goods posted on its auction and sale sites. The Belgian commercial court, the first jurisdiction to deliver a ruling, "has ruled in favour of eBay," said Sravanthi Agrawal, eBay spokeswoman in Europe. The court ruled that the world's largest online auctioneer did not have "a general monitoring obligation" of what was on offer on its site. "The judge confirmed that eBay acted diligently when it received letters from L'Oreal," the spokeswoman added.

EBay fined $61m over fake goods

PARIS: A French court ordered eBay Inc to pay $61 million (BD30m) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.

Judge rules for eBay on fake jewellery

US-based online auction services provider eBay has had an important legal win in a court case involving fake jewellery. District Court of New York judge Richard Sullivan has found that claimant Tiffany was wrong to put the onus for policing the trade in counterfeit goods on eBay, and noted that auctions for fake jewellery were cancelled immediately when Tiffany alerted eBay to them. The legal team for the luxury goods brand has signalled an appeal may be lodged. eBay had previously lost in a similar matter, when a French court ruled in favour of LVMH Moet Hennessy Louis Vuitton and ordered compensation of in excess of $US61m be paid to it by eBay

eBay Success Story, Entrepreneur and Author of 'The Guru's Guide to eBay,' Expert Greg Kusch, to Host Seminar in Santa Monica, California August 23, 2008

SANTA MONICA, Calif., Aug. 5 /PRNewswire/ -- Santa Monica, California native Greg Kusch, the author of a new book "The Guru's Guide to eBay" (http://www.wewillsellanything.com), reveals his personal eBay secrets to success and insider's knowledge in Santa Monica, California on August 23, 2008. Kusch is accredited through eBay University, one of only 28 people in the world who is certified and trained by eBay. During the course of these seminars, attendees will learn from the master "The Basics of Selling on eBay" and "Beyond the Basics (How to Open a Business on eBay)" as well. These courses give new or inexperienced eBay users the tools they need to become successful eBay sellers and entrepreneurs.

EBay (EBAY) NewsBite - EBay Price Target Slashed

EBay Inc. (EBAY) opened at 27.09. So far today, the stock has hit a low of 25.95 and a high of 27.43. EBAY is now trading at 27.22, down 0.27 (-1.00%). The stock hit its 52 week high of 40.73 in October and set its 52 week low of 25.10 in March. EBAY has been dropping for most of the past year. A RBC Capital Markets analyst cut his price target on the stock today to $35 from $40, and said the effect of deals with large online retailers the company's revenue may be more muted due to less-favorable terms. The company had signed a deal with Buy.com allowing it to sell books, electronics and other items on eBay's Website without paying the full complement of fees. Technical indicators for the stock are bearish but slightly improving while S&P gives EBAY a very positive 5 STARS (out of 5) strong buy rating.

eBay fined 38.6m over fake goods

A French court ordered eBay to pay €38.6 million to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.

Internet auction giant eBay told to pay luxury goods firm LVMH 32m over sale of fake goods

Internet auction site eBay has been ordered to pay £32 million to luxury goods group LVMH for allowing the sale of fake merchandise.

eBay Sellers Appeal to Australia Reserve Bank over PayPal Requirement

Anthony Green, an eBay seller from Australia, sent a letter to the Reserve Bank of Australia (RBA) requesting it take action with regards to eBay's policy requiring users to offer PayPal on all transactions. Sellers are still fuming over eBay's attempt to make PayPal the exclusive payment service on eBay Australia (referred to as "Stage 2"), which eBay backed away from after a regulatory agency indicated it would not support such a move. However, eBay Australia left its "Stage 1" policy in place, requiring sellers offer PayPal on all transactions.

EBay ordered to pay $61 million over sales of fake goods

PARIS - A French court on Monday ordered the online auction giant eBay to pay 38.6 million euros, or $61 million, in damages to the French luxury goods company LVMH, in the latest round in a long-running legal battle over the sale of counterfeit goods on the Internet.

UPDATE: EBay Fined EUR40 Million For Selling Fake Luxury Goods

PARIS (AFP)--A Paris court on Monday ordered the online auctioneer eBay Inc. (EBAY) to pay EUR40 million in damages to LVMH Moet Hennessy Louis Vuitton (LVMUY) for selling fake luxury goods online.

2nd UPDATE: EBay Fined EUR40 Million For Selling Fake Luxury Goods

PARIS (AFP)--A Paris court on Monday ordered Internet auctioneer eBay Inc (EBAY) to pay EUR40 million in damages to Louis Vuitton (LVMUY) for selling fake luxury goods online.

eBay Beats Tiffany In Net Trademark Case

sm62704 notes a Reuters story reporting that eBay has beat Tiffany in court in a "knockout" decision. If this had gone the other way, not only would eBay be in trouble (especially after the loss of a similar case in France), but so would Net commerce as a whole. Tiffany seems certain to appeal. "All of Tiffany's trademark infringement claims against eBay were rejected — a knockout blow to the four-year-old lawsuit that had been closely watched by Internet companies as well as luxury goods makers seeking to stop the sale of counterfeit products online. Tiffany & Co had alleged that eBay turned a blind eye to the sale of fake Tiffany silver jewelry on its site. EBay had countered that it was not in a position to determine which goods were knock-offs.

EBay fined £31m for fake goods sales

eBay, the internet auction house, has been ordered to pay £31 million in damages for selling fake goods online.

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research VICTORIA, Aug. 18 /PRNewswire/ - Terapeak, an eBay Certified Provider, today announced that Marketplace Research by Terapeak is being offered as an alternative for eBay Marketplace Research, which eBay plans to retire as of September 15th, 2008. Available to all existing eBay Marketplace Research subscribers, and to all eBay users going forward, the tool will be accessible from the eBay website, and Terapeak will provide dedicated customer support. Fred Speckeen, CEO of Terapeak/AERS, says, "The transfer of research responsibilities to Terapeak reflects our longstanding business relationship with eBay, and our company's commitment to providing the best market research product possible.

eBay fined $61M in furor over fake goods

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eBay fined $61M in furor over fake goods

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French court fines Ebay over fake goods

Ebay has been fined nearly £31m by a French court for not doing enough to stop counterfeit goods being sold on its site.

French court fines Ebay over fake goods

Ebay has been fined nearly £31m by a French court for not doing enough to stop counterfeit goods being sold on its site.

eBay fined for selling fake Louis Vuitton goods online

PARIS: A French court has ordered online auctioneer eBay to pay nearly 40mn euros in damages to Louis Vuitton for selling fake luxury goods, in a ruling cheered as a victory for copyright protection.

eBay fined for selling fake Louis Vuitton goods online (AFP)

PARIS (AFP) - A Paris court on Monday ordered Internet auctioneer eBay to pay 40 million euros (63 million dollars) in damages to Louis Vuitton for selling fake luxury goods online.

eBay fined $66m for selling fake Louis Vuitton goods

A Paris court has ordered the online auctioneer eBay to pay 40 million euro ($A65.8 million) in damages to Louis Vuitton for selling fake luxury goods online.

EBay fined $A65.8 million:

A court has ordered eBay to pay millions in damages to Louis Vuitton for selling fake luxury goods.A court has ordered eBay to pay millions in damages to Louis Vuitton for selling fake luxury goods.

eBay Picks Buyers Over Small-Time Sellers

Every time we've mentioned eBay lately, we've received a long list of complaints in the comments about how awful eBay is. It's become quite clear that there's plenty of dissatisfaction with the company -- and a big part of the problem seems to be figuring out who eBay is really representing: buyers or sellers. In theory, as an impartial marketplace, eBay should be able to serve both sides. After all, you need both sides to be happy to make the marketplace truly effective. However, with growing concerns of fraud on eBay, it seems that the company has recognized that it's more important to focus on improving the experience for buyers -- and less so for sellers, especially the smaller sellers. Witness eBay's recent change to ban sellers from offering feedback on buyers.

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