eBay, L'Oreal Report Settlement

eBay EBAY and L'Oréal have settled their on-going legal proceedings. Details of this settlement, including financial terms in favour of L'Oréal, are confidential. L'Oréal acknowledges eBay's commitment in the fight against intellectual property infringement. This settlement agreement follows the decision of the Court of Justice of the European Union of July 12, 2011. The Parties believe that cooperation, rather than litigation, is the way forward to fight against counterfeiting.