This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Roy Jacobs & Associates Announces Investigation Into Possible Wrongdoing At Doral Financial Corp. (“DRL”)

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 rjacobs@jacobsclasslaw.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 to you.



Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs