eBay Fined $64m Over Counterfeits

A French court ordered eBay to pay €38.6 million (AU$63.84 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction web site. The decision, a month after eBay was ordered by another French court to pay handbag maker Hermes 20,000 euros for allowing the sale of counterfeits, is the latest episode in a long fight between luxury goods makers and the world’s biggest online auctioneer