French Luxury Goods Firm Wins Bid on eBay: related news

French Luxury Goods Firm Wins Bid on eBay

French luxury product manufacturer LVMH, whose brands include Louis Vuitton, Christian Dior, Kenzo, Mark Jacobs and Donna Karan, has won a €40 million case in the French courts against eBay for failing to prevent the sales of fake perfumes on the auction site. The court also said that eBay had also breached LVMH’s selective distribution agreements on a number of perfume brands. Ebay plans to appeal on both counts, stating that LVMH was operating restrictive practices.

French Court Orders eBay to Pay $61 Million to LVMH

A French court 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. LVMH, a maker of high-end leather goods, perfumes and other fashion and luxury products, successfully challenged eBay for a second time in the French court, arguing that 90 percent of the Louis Vuitton bags and Dior perfumes sold on eBay are fakes.

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 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 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.

French court imposes $61 million damages on eBay for selling counterfeit goods

A French court on Monday ordered the online auction giant eBay to pay €38.6 million, 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.

French court rules against eBay over luxury fakes

Didier Malka, a lawyer for the French luxury goods company LVMH at the courthouse in Paris on Monday. EBay Inc. lost a second French court ruling over claims the company doesn't do enough to stop the sale of counterfeit goods.

EBay Gets Buffeted in Europe

Doing business may get a lot harder for eBay (EBAY). A Parisian court has ordered the e-commerce giant to pay $61 million to luxury goods manufacturer LVMH (LVMH.PA), the firm behind the Louis Vuitton and Christian Dior brands, for failing to prevent the sale of counterfeit goods on eBay's French site. The decision, handed down June 30, is the third in the past two years from a European court rejecting eBay's argument that it shouldn't be held responsible for users selling illegal knockoffs. "This decision represents an important step in protecting brands and products against parasitic practices," LVMH said in a statement.

EBay Gets Buffeted in Europe

Doing business may get a lot harder for eBay (EBAY). A Parisian court has ordered the e-commerce giant to pay $61 million to luxury goods manufacturer LVMH (LVMH.PA), the firm behind the Louis Vuitton and Christian Dior brands, for failing to prevent the sale of counterfeit goods on eBay's French site. The decision, handed down June 30, is the third in the past two years from a European court rejecting eBay's argument that it shouldn't be held responsible for users selling illegal knockoffs. "This decision represents an important step in protecting brands and products against parasitic practices," LVMH said in a statement.

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.

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

French court raps eBay in luxury goods suit

A French court on Monday ordered online auction giant eBay to pay US$61 million (38.6 million euros) to luxury goods powerhouse LVMH, according to Reuters.

French Court Orders eBay to Pay Luxury Goods Giant $63 million

A quick search on eBay of "Louis Vuitton" brings up 3052 items; type in "Christian Dior" and you'll get about 3205 options. The goods include dust bags and diamond encrusted watches with prices ranging from single digits to thousands of dollars. The online auction site offers consumers a seemingly endless market place for both luxury goods, and, according to a Paris court ruling, knock-offs.

A court in France ordered eBay Inc to pay $61 million (38.6 million euros) to luxury goods group LVMH for allowing the sale of counterfeit goods on its online auction site.

PARIS - A French court ordered eBay Inc to pay $61 million (38.6 million euros) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction Web site.

French court orders eBay to pay damages of $61.6 million to French brands

A commercial court in Paris has upheld a claim against eBay by luxury brands manufacturer group Louis Vuitton Malletier and Christian Dior Couture, ordering eBay to pay damages to the brands totaling €38.8 million, or about $61.6 million, for the sale of counterfeit goods on its site. EBay says it will appeal the decision.

eBay Verdict is Egregious Injustice to the Consumer

NEW YORK, July 15 /PRNewswire/ -- According to the Luxury Institute today's ruling in favor of eBay by the U.S. District Court in Manhattan fails to protect consumers' rights and addresses the critical issue that luxury brands and internet retailers, by and large, must take responsibility for the authenticity of goods sold to consumers. The lawsuit, which was filed by Tiffany & Co. eight months ago, alleged that eBay allows the trading of counterfeit Tiffany merchandise on its site. Counterfeit or fraudulent goods are rampant in the marketplace, and internet retailers must accept the responsibility to protect the consumer by guaranteeing the authenticity of the luxury goods they sell.

eBay Verdict is Egregious Injustice to the Consumer

NEW YORK, July 15 /PRNewswire/ -- According to the Luxury Institute, yesterday's ruling in favor of eBay by the U.S. District Court in Manhattan fails to protect consumers' rights and addresses the critical issue that luxury brands and internet retailers, by and large, must take responsibility for the authenticity of goods sold to consumers. The lawsuit, which was filed by Tiffany & Co. eight months ago, alleged that eBay allows the trading of counterfeit Tiffany merchandise on its site. Counterfeit or fraudulent goods are rampant in the marketplace, and internet retailers must accept the responsibility to protect the consumer by guaranteeing the authenticity of the luxury goods they sell.

eBay Verdict is Egregious Injustice to the Consumer

NEW YORK, July 15 /PRNewswire/ -- According to the Luxury Institute today's ruling in favor of eBay by the U.S. District Court in Manhattan fails to protect consumers' rights and addresses the critical issue that luxury brands and internet retailers, by and large, must take responsibility for the authenticity of goods sold to consumers. The lawsuit, which was filed by Tiffany & Co. eight months ago, alleged that eBay allows the trading of counterfeit Tiffany merchandise on its site. Counterfeit or fraudulent goods are rampant in the marketplace, and internet retailers must accept the responsibility to protect the consumer by guaranteeing the authenticity of the luxury goods they sell.

EBay Gets Hit By France's Handbag

There's an old joke about the French surrendering to anyone and anything, but one place France never surrenders is in the courtroom where money is involved. If you're a foreign firm doing business in France and your business model rubs an established French business the wrong way, the French court system isn't shy about whacking you with the big stick. EBay is the latest company to take a beating in Paris. They've been ordered to pay LVMH, the maker of luxury brand goods like Louis Vuitton and Christian Dior, $61 million dollars for allowing counterfeit copies to be sold on EBay's auction site. C'est la vie? Non! Cest la guerre!

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.

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