Akamai Technologies, Inc. v. Deutsche Bank Ag

MEMORANDUM

TAURO, District Judge.

I. Introduction

Plaintiffs, Akamai Technologies, Inc. and Akamai Securities Corporation (collectively, “Akamai”), allege that Deutsche Bank Securities, Inc. (“DBS”), the wholly owned subsidiary of Defendant Deutsche Bank AG, wrongfully invested $217 million in toxic auction-rate securities (“ARS”). Plaintiffs assert that Defendant is liable under section 20(a) of the Securities and Exchange Act of 1934 1 and Massachusetts General Laws chapter 110A, section 410(b). Presently at issue are Defendant’s Motion to Dismiss [# 22] and Plaintiffs Motion for Specific…