Doral Gets U.S. Subpoena

The government wants audit records going back to 2000.
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Updated from 5:04 p.m.

Doral

(DRL)

got a subpoena from the U.S. attorney's office for the Southern District of New York, requesting documents and audit records from Jan. 1, 2000, to the present.

The company said it will cooperate. The news comes just days after the San Juan, Puerto Rico, mortgage lender

shook up its top ranks, bidding adieu to CEO Salomon Levis and three other notables.

The company continues to try to move past accounting problems that prompted plans for a big restatement and a related

Securities and Exchange Commission

probe. Doral has said it is in the process of restating its financial statements for the periods from Jan. 1, 2000, through Dec. 31, 2004.

Earlier Thursday, Doral named Antonio Faria chief of its Doral Bank in Puerto Rico. Faria joined Doral June 6 as president of Doral Money, a New York-based unit specializing in commercial and construction mortgage lending.

After rising 18 cents to $14.58 in regular action Thursday, Doral was halted in postclose trading.