This Day On The Street
Continue to site
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

UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Investors Of Class Action Against Doral Financial Corp. And Its Board Of Directors And A Lead Plaintiff Deadline Of July 14, 2014 -- DRL

Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Puerto Rico on behalf of investors who purchased Doral Financial Corp. (“Doral” or the “Company”) (NYSE:DRL) common stock between April 2, 2012 and May 1, 2014.

For more information, click here:

The complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (a) the Company had a material weakness in its internal controls regarding financial reporting and disclosure, and as a result such controls were ineffective; (b) the Company had under-reserved for loan losses, and as a result the Company’s assets and net income were overstated while its expenses were understated, and the Company did not meet its Tier I regulatory capital requirements.

On May 1, 2014, the Company announced that the Federal Deposit Insurance Corporation (the “FDIC”) had advised Doral that it could not include some or all of its receivables from the Puerto Rican government in its calculation of Tier 1 capital. These receivables account for approximately $289 million of the bank’s approximately $679 million of Tier 1 Capital as of December 31, 2013.

If you suffered a loss in Doral you have until July 14, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

1 of 2

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs