eBay to ePay

I spent several hours last night searching through eBay to find a great bag deal, but as I was scrolling through pages of Guccis, Pradas, and Louis Vuittons listed for $300, I couldn't shake the feeling that it was all too good to be true. As in - these bags were fakes, and not authentic designer items.

Well, it looks like that may be a thing of the past on eBay. The company just lost a law suit against LVMH (the luxury conglomerate behind LV, Marc Jacobs, etc.) for selling fakes online, and now has to pay upwards of $60 mil in damages.

See below for an excerpt of the article, and click here to read the entire thing.

PARIS – A French court on Monday ordered eBay Inc. to pay Louis Vuitton and other luxury-goods brands 40 million euros ($63.1 million) in damages for fake goods sold through the online retailer, a ruling that is likely to force eBay to take greater steps against detecting and blocking counterfeits.

A Paris commercial court judge sidedwith LVMH Moët Hennessy Louis Vuitton and sister company Christian Dior SA, which had accused eBay of not taking the necessary steps to ensure that the accessories sold on its Web site were not counterfeit.