The French courts have potentially dropped a bomb onto the online auction sector by ordering eBay to pay fashion giants LVMH $61 million worth of damages for failing to do enough to prevent the sale of counterfeits of the firm’s goods on its site, TechRadar reports.The ruling could have widespread ramifications for all online auctions sites by not only forcing them to police the activity of their users more closely but also limiting the potential revenue they earn.
LVMH said of the ruling: "This decision represents an important step in protecting brands and products against parasitic practices.”
The outcome follows similar rulings in favour of Hermes and Rolex, all of which could pave the way for a whole host of companies to take action against eBay and its contemporaries.
Alexandre Menais, the attorney in charge of eBay's partnerships with rights owners, stated: "We are going to fight this decision because it is totally ridiculous.”
Advertisement
Related Stories
- Daily deals websites get the Apprentice treatment May 23rd 2012 at 9:58PM
- Google Chrome takes most popular browser crown from IE May 22nd 2012 at 1:33PM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Have your say: Does your business listen to complaints on Twitter? May 21st 2012 at 10:56AM
- Google introduces Knowledge Graph for more intelligent search May 17th 2012 at 10:55AM
- Twitter reaches 10-million user milestone in the UK May 16th 2012 at 2:33PM
- SOCA hit by cyber attack May 3rd 2012 at 4:45PM
- Follow the PCR Retail Boot Camp news on Twitter May 1st 2012 at 11:05AM
- Google chief warns of threat to the free web Apr 16th 2012 at 8:56AM
- Groupon complaints pile up Feb 29th 2012 at 9:05AM
