Meghan Summers

Background

About Meghan Summers

As a partner based in Kirby McInerney LLP's New York office, I focus on securities, antitrust, structured finance, and whistleblower litigation. My recent work includes: • Representation of exchange-based investors in futures, swaps, and other LIBOR-based derivative products in In re LIBOR-Based Financial Instruments Antitrust Litigation, a putative class action alleging that defendant banks colluded to misreport and manipulate the Libor rate. This litigation has already resulted in partial settlements totaling approximately $187 million, which collectively represent the largest historical class-wide recovery for a “futures only” settlement class. • Representation as fiduciary for the interim exchange class in In re Foreign Exchange Benchmark Rates Antitrust Litigation, a putative class action on behalf of a class of participants that traded futures and options in the foreign exchange market. This litigation is ongoing and has already resulted in a partial settlement of over $2.3 billion. • Representation in a shareholder derivative lawsuit against officers and directors of HSBC Holdings and its subsidiaries, alleging that HSBC ran money laundering operations out of New York City. The litigation settled for $72.5 million, the then largest foreign derivatives settlement ever reached and one of the largest insurer-funded cash payments achieved in a U.S. derivatives lawsuit. • Lead Counsel for a class of Singapore investors in Dandong v. Pinnacle Performance Limited, a class action lawsuit alleging that Morgan Stanley engineered certain credit-linked notes, which it marketed as safe, to fail, and invested class members' money into CDOs linked to risky companies, while actively shorting the same assets. This case settled for $20 million. • Representation of institutional investors in securities fraud actions against Merck and Schering-Plough related to the commercial viability of their co-marketed medication, Vytorin, and the subsequent drops in the companies' share prices. • Representation of an institutional investor in a securities fraud action against BP plc related to the Deepwater Horizon explosion on April 20, 2010, and the subsequent drop in BP's share price.