NEW YORK--(BUSINESS WIRE)--
Roy Jacobs & Associates, a law firm representing investors nationwide,
is investigating potential claims on behalf of shareholders of Doral
Financial Corp.. (“Doral”” or the “Company”) (NYSE: DRL) concerning
possible breaches of fiduciary duty and securities law violations.
For further information, please contact Roy L. Jacobs, Esq. toll-free at
1-888-884-4490 or by e-mail at email@example.com.
Doral Financial Corporation operates as the bank holding company for
Doral Bank that provides retail banking services to general public and
institutions. The bank offers traditional banking services; commercial
and construction loan products; credit facilities; consumer loans;
credit cards; mortgages; and savings accounts.
The investigation is focused on: (i) potential breaches of fiduciary
duty on the part of the Doral Board of Directors involving the
under-reporting of loan losses on its financial statements; and (ii) the
assertion that a purported tax refund of over $200 million claimed to be
owed the Company by the government of Puerto Rico could constitute an
element of its required capital reserve under federal law; and; (ii)
whether the securities laws were violated with respect to the facts
surrounding the disclosures of the understatement of loan-loss reserves
and the disallowance of the claimed tax refund as required capital
reserve by the Federal Reserve Bank of New York.
If you held Doral shares since prior to March 25, 2012 and continue to
hold your shares and you are interested in discussing your rights or
have information relating to this investigation, please contact Roy L.
Jacobs. Mr. Jacobs will be glad to personally speak with you at no cost
ROY JACOBS & ASSOCIATES
Roy L. Jacobs, Esq., 1-888-884-4490
Source: Roy Jacobs & Associates