Doral Financial Corporation Legal Team to Discuss Recent Developments in Lawsuit Against Puerto Rican Government

WASHINGTON, June 11, 2014 /PRNewswire-USNewswire/ -- On Wednesday, June 11, 2014 at 2:00 pm EDT, Matthew D. McGill of Gibson Dunn & Crutcher LLP, counsel in the U.S., and Ramón Rosario, Esq., Doral's legal representatives, will hold a phone press conference to discuss the recent developments in the case filed by Doral, a major employer in Puerto Rico and the second-largest mortgage lender on the island.

On Friday, the Government of Puerto Rico filed motion to dismiss the case. A hearing on the motion will occur on Thursday, June 12. Doral Financial Corporation, a Puerto Rico-based financial services company, filed a lawsuit in the Court of First Instance of Puerto Rico and a Writ for Certification in the Puerto Rican Supreme Court, alleging that the government illegally nullified its agreement to refund the bank more than $229 million in tax overpayments.

DATE:                           
Wednesday, June 11, 2014

TIME:                            
2:00 p.m. EDT

SPEAKERS:                    
Matthew D. McGill, Partner at Gibson, Dunn & Crutcher
Ramón Rosario, Esq., Of Counsel, Cancio Nadal Rivera & Díaz

DIAL-IN:                        
866-952-7524

Conference ID:             
DORAL

RSVP:                            
Miriam Warren - [email protected]; 202-772-2186

This briefing is supported by Doral Financial Corporation, a Puerto Rico-based financial services company. Doral Financial Corporation is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico. Doral Financial Corporation's common shares trade on the New York Stock Exchange under the symbol DRL. Additional information about Doral Financial Corporation may be found on the Company's website at www.doralfinancial.com.

SOURCE Doral Financial Corporation