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01 September, 2018 - 03 September, 2018
Offenbach am Main, Germany
LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S company's online auction website.
The companies are implementing cooperative measures aimed at protecting intellectual property rights and fighting the online sale of counterfeit goods.
"Thanks to our joint efforts, consumers will enjoy a safer digital environment globally," the companies said in a joint statement, without giving detail on the measures.
In 2008 a French court ordered eBay to pay LVMH €38.5 million ($52.1 million). A subsequent appeal court reduced the sum to €5.7 million but affirmed that eBay had been in the wrong.
In 2012 a French appeal court ruled that a lower court did not have jurisdiction over eBay's U.S website but upheld the ruling as applied to its French and British sites.