LVMH, eBay Settle Legal Battle Over Fake Goods

LVMH and eBay have settled a six-year legal battle in which the online auction site was accused of allowing users to sell knock-off luxury goods. In a joint statement released Thursday, the two companies said they had agreed to settle ongoing litigation and put "cooperation measures" in place. "eBay and LVMH today announced a cooperative effort to protect intellectual property rights and combat counterfeits in online commerce. Thanks to the cooperation measures put in place, the companies have settled ongoing litigation," eBay and LVMH said.