Akamai Hits Deutsche Bank With $217M ARS Suit

By Ben James

Law360, New York (February 16, 2010, 6:46 PM ET) -- Akamai Technologies Inc. has slapped Deutsche Bank AG with a lawsuit seeking to recover $217 million Akamai says was "wrongfully" invested in auction rate securities by a Deutsche Bank subsidiary.

Akamai Technologies and Akamai Securities Corp. filed the lawsuit on Friday in the U.S. District Court for the District of Massachusetts, naming Deutsche Bank as the sole defendant.

Deutsche Bank Securities Inc. served as Akamai's investment adviser and broker but isn't a defendant in the case because of an agreement to arbitrate any dispute with DBS...
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