L'Oreal, EBay Strike Pact To End Counterfeit Goods Scuffle
Law360, New York (January 15, 2014, 6:51 PM EST) -- French cosmetics giant L'Oreal SA and online auctioneer eBay Inc. announced Wednesday that they have reached an agreement to halt a series of prolonged legal disputes centering on the sale of counterfeit goods over the Internet.
In a brief joint statement, the companies did not disclose the terms of their agreement but indicated that continuing to litigate the disputes was not in the best interest of either company.
"Today, eBay and L'Oreal have settled their on-going legal proceedings," the companies said in the statement. "L'Oreal acknowledges eBay's commitment in the fight against intellectual property infringement. The parties believe that cooperation, rather...
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