Tiffany & Co lost to Ebay in a lawsuit against Ebay claiming that the auction house is responsible for the sale of counterfeit goods. Earlier this summer LVMH won against Ebay in a similar battle but it seems the tides are changing; at least to American companies. As WWD reports, "Judge Richard Sullivan ruled that it is the burden of Tiffany, not eBay, to maintain and enforce its mark". Tiffany plans to appeal the ruling. When the Olympic Games kick off, this August 8th, clothing store Opening Ceremony will host a 72-hour party in both their New York and Los Angeles locations. Scrabble games, ice cream trucks, and limited edition Nike merch will occupy partygoers time. We wonder which dedicated hipsters will make it all 72 hours without passing out or going bankrupt. Diane Von Furstenberg will launch a capsule collection with Warner Brothers pivoting on the comic book character, Wonder Woman. Sales from the collection will help raise money for Vital Voices Global Partnership, which seeks to empower female entrepreneurs. The collection will pull from Wonder Woman's famous uniform and spawn quirky frocks (right), leather accessories, and footwear. Hemlines are dropping in accordance with the stock market. Suzy Menkes for The International Herald Tribune writes today on recession-foreshadowing trends and the desire to cover up when the economy is suffering. Menkes warns us to expect weather-appropriate versions of the maxi to surface come Fall, because, unfortunately, we'll still be in the thick of it.