As in many cases of this type, Metropolitan and Summit investors have filed other lawsuits based on their independent claims and investigations. In most cases, courts will consolidate similar claims into one lawsuit. Where the claims are common to all, the class will be represented by the lead plaintiffs and lead counsel.

Because Metropolitan and Summit are both in bankruptcy, it is the duty of the bankruptcy Trustee to also investigate potential lawsuits against those involved in the collapse of Metropolitan and Summit.

Just as the corporations may be responsible to investors to repay losses, so may directors, officers and other professionals who caused the losses through their negligence or misrepresentations. Lawsuits against these defendants will usually be consolidated as well.

Just as company officers and directors may be responsible for their own misconduct, financial consultants, stock brokers, and investment advisors may be independently responsible for selling or recommending securities without providing necessary information to the investor. Other financial consultants, stockbrokers, and financial advisors may be responsible for selling or recommending securities that are unsuitable for a particular investor given the investor's objectives and financial needs.