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Luxury Institute
eBay Verdict is Egregious Injustice to the Consumer
August 3rd, 2008
According to the Luxury Institute today's ruling in favor of eBay by the U.S. District Court in Manhattan fails to protect consumers' rights and addresses the critical issue that luxury brands and internet retailers, by and large, must take responsibility for the authenticity of goods sold to consumers. The lawsuit, which was filed by Tiffany & Co. eight months ago, alleged that eBay allows the trading of counterfeit Tiffany merchandise on its site. Counterfeit or fraudulent goods are rampant in the marketplace, and internet retailers must accept the responsibility to protect the consumer by guaranteeing the authenticity of the luxury goods they sell. eBay's victory...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-03)
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