Harwood Feffer LLP Announces Investigation of Doral Financial Corporation

NEW YORK, May 15, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against Doral Financial Corporation ("Doral" or the "Company") (NYSE: DRL) and its board of directors concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.

On May 1, 2014, the Company disclosed that the payment of $289 million, comprising nearly half of the bank's $679 million Tier 1 capital, was being disputed by the Puerto Rican government.  As a result, the Company was significantly undercapitalized and could be forced to sell assets. 

If you own Doral shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP