Sunday, April 24, 2005

Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuits Against Doral Financial Corporation - DRL

Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuits Against Doral Financial Corporation - DRL: "BALTIMORE, April 23, 2005 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that securities class actions have been commenced on behalf of those who acquired the securities of Doral Financial Corporation ('Doral' or the 'Company') (NYSE:DRL) from May 15, 2000 through April 18, 2005 (the 'Class Period').

Cases are pending in the United States District Court for the Southern District of New York and in the United States District Court for the District of Puerto Rico. The actions charge that the Company and certain officers and/or directors violated federal securities laws by issuing a series of materially false and misleading statements to the market during the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities. The Company has announced that it should restate its financials." (Full story at link)

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