Kelly A. Carrero

Partner

Miami + 1.305.714.9673 New York + 1.212.326.8391

Kelly Carrero is a partner in the Miami and New York offices with more than two decades of experience in litigation, regulatory enforcement, and internal investigations representing leading financial institutions, funds, corporations, and individuals. She focuses on cross-border investigations and disputes, financial markets matters, and insolvency or distress-related litigation. Her matters have spanned major business lines of global financial institutions, including retail and commercial banking, corporate lending, payments, wealth and asset management, capital markets, derivatives, and structured products, and she is well-versed in a range of banking regulations.

Kelly has successfully represented clients in class actions, shareholder derivative lawsuits, and other civil litigation nationwide and appears before the SEC, FINRA, the CFTC, and other regulators. She advises on internal investigations involving alleged bribery, fraud, and other corporate misconduct and provides prelitigation counseling on documentation and risk mitigation, including ISDA‑documented transactions and standby letters of credit. Recent matters involve cross‑border LATAM matters, lender liability, breach of contract, market manipulation disputes, aiding and abetting theories, commercial real estate foreclosures, fraudulent conveyance, stakeholder conflicts, ESG issues, and fair access to banking.

Before practicing law, Kelly was an NASD Series 7 registered representative at Goldman Sachs. She also gained significant financial institutions experience during a secondment at Deutsche Bank. She has been recognized by Super Lawyers and Legal 500 and is active in industry and bar associations. She maintains an active pro bono practice, serves on nonprofit boards, co‑leads the Firm's Hispanic lawyers' group, and has served in office client affairs and recruiting leadership roles.

Experience

  • Harman International Industries defends securities class actionJones Day represents Harman International Industries, Incorporated and certain of its officers and directors in a securities fraud class action lawsuit pending in the District of Columbia.
  • Lehman Brothers Holdings seeks recovery of undisclosed asset value transferred in bankruptcy sale of broker dealerJones Day represents Lehman Brothers Holdings Inc. in an action to recover assets transferred to Barclays Capital Inc. when Barclays purchased the Lehman broker dealer business shortly after Lehman's bankruptcy filing in September 2008.
  • Deutsche Bank defends against lawsuit by Arco Capital CorporationJones Day represents Deutsche Bank AG in an action alleging misconduct in connection with an emerging market collateral loan obligation ("CLO"), which as a synthetic CLO involved credit default swap agreements in which Deutsche Bank was the CLO issuer's swap counterparty.
  • Chapter 7 Trustee of Anthracite Capital recovers in excess of $50 million for estateJones Day represented the Chapter 7 Trustee (the "Trustee") of Anthracite Capital, Inc. ("Anthracite") in its chapter 7 bankruptcy which filed on March 15, 2010 in the U.S. Bankruptcy Court for the Southern District of New York.
  • Citigroup defends against non-disclosure allegations concerning investment of subprime mortgage-backed securities in Falcon FundJones Day represented Citigroup Inc.; Citibank, N.A.; Citigroup Alternative Investments LLC; and Falcon Strategies Two LLC in seven causes of action based, among other things, on the allegations that the Falcon Fund was more heavily invested in subprime mortgage-backed securities than disclosed.
  • U.S. private bank defends foreign private litigation concerning sales and marketing of Collateralized Loan ObligationsJones Day is representing a U.S. private bank in connection with foreign private litigation concerning sales and marketing of Collateralized Loan Obligations (CLOs) to high net worth individuals.
  • Verint Systems acquires Witness Systems for $950 millionJones Day advised Verint Systems Inc. in its $950 million acquisition of Witness Systems, Inc.