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LVMH and eBay settle lengthy legal battle over counterfeit goods

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Luxury conglomerate LVMH Moët Hennessy Louis Vuitton and online auctioneer eBay have settled a long-standing court battle over the selling of knock-off goods.

LVMH filed complaints against eBay in 2006 over intellectual property rights and the online sale of counterfeit goods, and eight years later the litigation has finally been settled. The court decision will create a cooperative ground for the two companies to jointly fight the sale of counterfeit items.