Hello,

We noticed you're browsing in private or incognito mode.

To continue reading this article, please exit incognito mode or log in.

Not an Insider? Subscribe now for unlimited access to online articles.

Business Impact

eBay to pay damages to Austrian buyer

VIENNA (AP) – An Austrian court has ordered online auctioneer eBay Europe to pay more than euro16,000 ($21,400) in damages to an Austrian who never received gold bars he bought on the site.

The Austria Press Agency reports that the man in question bought 1 kilogram (2.2 pounds) worth of gold bars in September 2007 from ML Agentur, a vendor portrayed as trustworthy, although there had been complaints about delivery delays.

It quotes a representative of a law firm handling the case as saying Wednesday that ML Agentur went bankrupt in November 2007 and that the court in the eastern city of St. Poelten determined that eBay took too long to react to the pending insolvency.

Copyright 2010 The Associated Press.

More from Business Impact

How technology advances are changing the economy and providing new opportunities in many industries.

Want more award-winning journalism? Subscribe to Insider Basic.
  • Insider Basic {! insider.prices.basic !}*

    {! insider.display.menuOptionsLabel !}

    Six issues of our award winning print magazine, unlimited online access plus The Download with the top tech stories delivered daily to your inbox.

    See details+

    Print Magazine (6 bi-monthly issues)

    Unlimited online access including all articles, multimedia, and more

    The Download newsletter with top tech stories delivered daily to your inbox

/3
You've read of three free articles this month. for unlimited online access. You've read of three free articles this month. for unlimited online access. This is your last free article this month. for unlimited online access. You've read all your free articles this month. for unlimited online access. You've read of three free articles this month. for more, or for unlimited online access. for two more free articles, or for unlimited online access.