eBay Ordered to Pay Millions to High End Fashion Company

A court in France on Monday ordered eBay Inc. to pay a high-end fashion company to pay $61 million due to the sale of counterfeit goods on the auction site.

Yahoo news reports in an atricle titled eBay told to pay $61M to fashion brand for fakes.

"If counterfeits appear on our site, we take them down swiftly," eBay spokeswoman Sravanthi Agrawal said. "But today's ruling is not about counterfeits. Today's ruling is about an attempt by LVMH to protect uncompetitive commercial practices at the expense of consumer choice and the livelihood of law-abiding sellers that eBay empowers every day."