A British court ruled yesterday that eBay Inc. EBAY-Q is not liable for bogus beauty products sold on its website, dealing a blow to cosmetics company L'Oréal SA's legal campaign against the online auction giant. Justice Richard David Arnold ruled that eBay Europe was not liable for trademark infringements committed by its users. EBay called the ruling "a victory for consumers." L'Oreal SA took eBay Inc. to court across Europe, suing in Britain, Germany, France, Belgium and Spain over the sale of fake fragrances and cosmetics on the site. EBAY (Nasdaq) rose 21 cents to $17.36 (U.S.). OR (Paris) fell 5 euro cents to €55.93 ($87.75).