Touchtone Group, LLC v. Rink

ORDER

WILEY Y. DANIEL, Chief Judge.

I. INTRODUCTION

THIS MATTER is before the Court on several motions to dismiss filed by Defendants. This is a class action brought under federal and state securities laws to recover damages resulting from a Ponzi scheme orchestrated by an entity known as Mantria Corporation (“Mantria”). In the Complaint, Plaintiff Touchstone alleges that Defendants materially participated in Mantria’s scheme to defraud investors comprising Plaintiffs class. Defendants argue that Plaintiff has failed to state a valid claim for relief, and several of the defendants argue that…