Akamai sues bank for $217M; Veoh bites the dust;

> Akamai Technologies has filed a federal lawsuit in a continuing attempt to recover some $217 million it said Deutsche Bank "wrongfully invested" in risky auction-rate securities that lost their value as the market crashed two years ago. Article

> YouTube wannabe Veoh is closing up shop after ripping through nearly $70 million since its 2005 founding and coming up short in its latest attempt to raise more cash. Article

> Battle line still are being drawn over the iPad and its impact on everything from ebooks to online video. Article 

> Nielsen reports the total online video audience in the U.S. increased about 5.2 percent year-over-year to more than 142.7 million viewers in January. Article

> Apple is planning to begin offering some TV episodes through its iTunes storefront at half price--about $1--in a test that will coincide with the release of the iPad. Article

> Rumors are that Hulu wants to be iPad friendly. Article

> Google plans to test a 1Gbps network in the U.S. Article

> Encoding.com, the leading global provider of studio-class online video encoding services, today announced the close of its Series A investment for US $1.25 million. Release