What happened
A court in Paris fined Internet auction site eBay $61 million for failing to prevent the online sale of counterfeit Louis Vuitton bags and Dior perfume in the country. LVMH, the luxury brand that makes those products, says that 90 percent of its bags and perfumes sold on eBay are fakes. EBay said it has taken sufficient steps to fight counterfeiting, and argued that the ruling hurts honest online merchants. (The New York Times)
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