Panda has run recently, does the the drop coincide with that date? Normally there is a shake up in the week leading up to it.
I suspect that someone may have made changes before you go there and they have not given you the full picture.
Was there any issue with the server during that time and the pages speeds were slow or not loading. WMT should give you some indication of the decline, even how dramatic the drops were and what kind of pages were dropped.
FYI you are better to remove the meta descriptions from the pages that have duplication than keep them there, but the best course of action is of course to re-write them.
If you care to share the URL we can all take a look and see if we can spot anything.