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Doral Financial Corporation: Two Days of Trial and Hacienda Has Put Forth No Evidence

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Doral Financial Corporation: Two Days of Trial and Hacienda Has Put Forth No Evidence


SAN JUAN, Puerto Rico, Sept. 21, 2014 /PRNewswire-HISPANIC PR WIRE/ — Following today’s trial in the Doral Financial Corporation v. Hacienda court case, Doral Legal Counsel Matthew D. McGill issued the following statement:

“For four months, Doral has been waiting for Hacienda to explain its attempt to nullify its $230 million debt to Doral.  Hacienda claimed that Doral obtained its 2012 tax agreement through a fraud, but after two days of trial, including testimony from Secretary Melba Acosta Febo herself, Hacienda has come forward with no evidence supporting that outrageous accusation.  When this case is over, the people of Puerto Rico will have to ask whether they were well served by their government’s unfounded attack on one of Puerto Rico’s few remaining banks.”

“Por los pasados cuatro meses, Doral ha estado en espera que Hacienda provea una explicacion acerca de su intento de anular su deuda de $230 millones con Doral. Hacienda alego que Doral obtuvo su acuerdo del 2012 mediante fraude, pero luego de dos dias de juicio, incluyendo testimonio de la propia secretaria de Hacienda, Melba Acosta Febo, Hacienda no ha podido presentar evidencia que apoye esta acusacion atroz. Cuando este caso llegue a su fin, el pueblo de Puerto Rico tendra la oportunidad de evaluar si fueron bien servidos por este gobierno ante su ataque infundado en contra de uno de los pocos bancos restantes de Puerto Rico.”

For more information on case of Doral vs. the Hacienda and events leading up to the trial, visit www.DoralPuertoRicoFacts.com.

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.


Latin American Peace Educator and Activist Will Be Awarded The 2014 El-Hibri Peace Education Prize

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Latin American Peace Educator and Activist Will Be Awarded The 2014 El-Hibri Peace Education Prize


WASHINGTON, Sept. 19, 2014 /PRNewswire-HISPANIC PR WIRE/ — Fuad El-Hibri, Chair of the El-Hibri Foundation’s Board of Trustees, announced the selection of Pietro Ameglio as the 2014 El-Hibri Peace Education Prize Laureate.  On October 15, Ameglio will receive the award and the $20,000 cash prize in Washington, DC, and three graduate students will also receive $5,000 scholarships to further their peace education studies.  Ameglio will join a distinguished cohort of El-Hibri Foundation Peace Education Prize Laureates, whose accomplishments are described here: 

http://www.elhibrifoundation.org/peace_education/prize

El-Hibri Foundation Logo

Logo – http://photos.prnewswire.com/prnh/20140919/147307

Born in Uruguay but educated in Mexico, Ameglio is an activist and peace educator who is one of the most important teachers and practitioners of active nonviolence in Latin America.  He has co-founded many vehicles promoting peace in Mexico, including the Mexican Peace and Justice Service (SERPAJ, 1987), a chapter of the SERPAJ nonviolence network spanning Latin America; Thinking Out Loud (Pensar en Voz Alta, 1995), a Gandhian-inspired nonviolent action collective to analyze and publicize statistical information on the nature of social conflict in Mexico and promote nonviolent direct actions; and the Movement for Peace with Justice and Dignity (MPJD, 2011), along with poet Javier Sicilia and the families of dead and missing persons.  He has authored the book, Gandhi and Civil Disobedience: Mexico Today (2002).

Ameglio has decades of experience exploring the power of nonviolence to promote justice and peace.  He strategized with the MPJD to organize numerous mass actions against violent conflict in Mexico, including the “Silent Walk,” a march from Cuernavaca to Mexico City that concluded with more than 200,000 people hearing the testimony of survivors and victims whose suffering has largely been ignored.  Ameglio also worked with others from the MPJD to create the “Caravan of Consolation” and the “Caravan to the South.” All of these activities have tapped into what Ameglio refers to as “the moral reserve” of the Mexican people, the positive values and moral sensibilities that characterize Mexican culture.

About the El-Hibri Foundation

Founded in 2001, the El-Hibri Foundation is an American 501(c)(3) charitable foundation based in Washington, D.C. It seeks to build a better world by embracing two universally shared values of Islam—peace and respect for diversity—and it fulfills its mission through grants, programs and other activities.

Contact: Rev. Bud Heckman, +1-202-387-9500
Director of Outreach, El-Hibri Foundation
[email protected]


Doral Legal Counsel Provides Comment on Trial Developments in the Case of Doral v. Hacienda

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Doral Legal Counsel Provides Comment on Trial Developments in the Case of Doral v. Hacienda


SAN JUAN, Puerto Rico, Sept. 19, 2014 /PRNewswire- HISPANIC PR WIRE/ — Matthew D. McGill, chief legal counsel in the Doral Financial Corporation v. Hacienda court case, provides an update from today’s hearing:

“The government’s witnesses continue to prove Doral’s case. Former Secretary of Treasury Xenia Velez, who negotiated the 2012 tax agreement for Hacienda, has testified that the agreement was the result of a lengthy and transparent negotiation between Hacienda and Doral in which all of Doral’s calculations were tested for reasonableness. And the court moreover already has determined that Ms. Velez herself drafted the provision of the agreement Hacienda now claims is a fraud. By the end, Hacienda’s lawyer could only attack his own witness.”

For more information on case of Doral vs. the Hacienda and events leading up to the trial, visit www.DoralPuertoRicoFacts.com.

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.

CONTACT: Miriam Warren 202-722-2186


NHCLC/Conela Celebrates Hispanic Heritage Month

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NHCLC/Conela Celebrates Hispanic Heritage Month

Organization Rallies Support on Education, Provides Scholarships, and Addresses Plight of Persecuted Christians


SACRAMENTO, California, Sept. 19, 2014 /PRNewswire-HISPANIC PR WIRE/ — To mark Hispanic Heritage Month, The National Hispanic Christian Leadership Conference/Conela (NHCLC/Conela), which serves 40,118 churches in the U.S. and more than 500,000 churches worldwide, will focus on the issues that matter most: advancing justice, life and evangelism in communities across the world.

Logo – http://photos.prnewswire.com/prnh/20120912/CL72800LOGO

“As we celebrate Hispanic Heritage month, faith, education and religious liberty continue to occupy significant space in our daily operations. I am persuaded that as a movement, NHCLC/Conela can shine the light of Christ in a world darkened by relativism, violence and intolerance. There is no such thing as comfortable Christianity,” said Dr. Samuel Rodriguez, president of NHCLC/Conela. “Accordingly, we are passionate about advancing an agenda of truth, grace and love. I want America to remember we are His-panic; His (God’s)-Panic. We are here to bring panic to the kingdom of darkness in the name of Jesus.”

The NHCLC/Conela continues to filter their agenda, purpose and work through the idea of Imago Dei. The Imago Dei campaign is built on one of the foundational truths of the Bible — that the image of God exists in all human beings: black and white; rich and poor; straight and gay; conservative and liberal; victim and perpetrator; citizen and undocumented; believer and unbeliever.

“During Hispanic Heritage Month we acknowledge the value and worth of every person and every culture, recognizing the image of God in every member of the human family. We celebrate the distinctiveness of Hispanic culture among many cultural backgrounds and recognize God’s redemptive work among us in history,” said Dr. Albert L. Reyes, President and CEO of Buckner International and NCHCL/Conela board member.

In order to practice the principles of Imago Dei, the NHCLC/Conela is working to bring about a moral and comprehensive immigration plan, and to decrease the number of children at the border to zero through education in Mexico and aid in the U.S. They are also working on other issues of justice like sexual trafficking and other violations of rights and religious freedoms.

“This month we remember the sacrifices of great American leaders, such as Cesar Chavez, who have fought for equality and freedom for the Hispanic community, and we should make a commitment to support the struggle of our brothers and sisters, in Christ, who are systematically persecuted in countries around the world,” said Dr. Yuri Mantilla, Chairman of the National Latino Evangelical Justice Coalition and NHCLC/Conela board member. “This is especially important, as we witness the brutality of the actions of terrorist organizations, such as ISIS, against innocent human beings. As Hispanic Americans, we must use our freedom to express solidarity to those whose natural rights to life, freedom of expression, and freedom of religion are constantly violated.”

Another important part in the fight for justice and equality is on the education front.

On September 7th, the NHCLC/Conela had unprecedented participation in their National Hispanic Education Sunday. Over 4,000 member churches participated in the event, with pastors urging parents and students to “‘Raise the Standards’ for education in their homes, schools, and communities,” said Carlos Campo, Chair of the Alliance for Hispanic Education and leader of NHCLC/Conela’s education initiatives. “This Education Sunday event highlighted our commitment to the most critical justice issue of our day: that every one of God’s children receives equal educational opportunities.”

NHCLC/Conela is the largest Hispanic Christian organization serving millions of Evangelicals, 40,118 U.S. churches and more than 500,000 churches across the globe. For additional information, visit http://www.nhclc.org.


Celebrity Chef Leticia Moreinos Schwartz Partners with Merck on Desafiando La Diabetes: Logra Tus Metas to Urge Hispanics With Type 2 Diabetes to Get to Their A1C Goal

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Celebrity Chef Leticia Moreinos Schwartz Partners with Merck on Desafiando La Diabetes: Logra Tus Metas to Urge Hispanics With Type 2 Diabetes to Get to Their A1C Goal

Culinary Expert Visits San Diego County on September 20 to Help Educate At-Risk Population About Ingredients for Successful Blood Sugar Management


WHITEHOUSE STATION, New Jersey, Sept. 19, 2014 /PRNewswire-HISPANIC PR WIRE/ — Merck (NYSE: MRK), known as MSD outside the United States and Canada, is teaming with celebrity chef and cookbook author Leticia Moreinos Schwartz on Desafiando La Diabetes: Logra Tus Metas, an educational program encouraging Hispanics with type 2 diabetes to achieve better control of their blood sugar — a key treatment goal to help reduce the risk of serious health problems. Hispanics in the United States are at a higher risk for developing type 2 diabetes than non-Hispanic white adults, and it is the fifth leading cause of death within the Hispanic community. Chef Leticia, who has a family history of type 2 diabetes, will visit select cities to cook up some of her favorite diabetes-friendly Latin recipes, urge Hispanics to know their A1C (average blood sugar level over the past two to three months), and work with their doctors to set and attain their own A1C goal.

Logo – http://photos.prnewswire.com/prnh/20140912/145810
Logo – http://photos.prnewswire.com/prnh/20140912/145811

For many people with diabetes, it is recommended by the American Diabetes Association (ADA) that they have an A1C of less than 7 percent to help reduce the risk of complications. For certain individuals, a higher or lower A1C goal may be more appropriate, which is why it is important for people with diabetes to speak with their health care providers to discuss the A1C goal that is right for them. Nearly half of people with diabetes have an A1C greater than 7 percent.

“After living with type 2 diabetes for many years, my grandfather passed away from a stroke, one of the serious complications of diabetes, so I know how important it is for people with diabetes to know their A1C and make a commitment to get to their A1C goal,” said Chef Leticia. “I’m proud to work with Merck on Desafiando La Diabetes to help urge Hispanics to learn about how to control blood sugar and inspire them to eat healthier as part of an overall plan to reach their goals.”

Lifestyle changes such as diet and exercise, as well as medications (if prescribed by your doctor), are all important to help you get to your A1C goal. Because diabetes is progressive, sometimes adjustments to your treatment plan are necessary, including changes to medications, diet, and activity level. As part of the program, Chef Leticia is sharing some of her favorite diabetes-friendly Hispanic dishes through cooking demonstrations at the American Diabetes Association’s (ADA) Feria de Salud event in Vista, California, at Northgate Market on September 20. Attendees will also have the opportunity to sample one of these dishes.

“We are excited to feature Merck’s Desafiando La Diabetes as part of this year’s Feria de Salud,” said Larissa Roman, Executive Director of the Greater San Diego Area, American Diabetes Association. “The American Diabetes Association is committed to raising awareness of diabetes and providing relevant resources for people with diabetes to help them get to their treatment goals. This program is providing important information for Hispanics living with type 2 diabetes, as well as their friends and family.”

Diabetes disproportionately affects the Hispanic community in the United States. Hispanic adults are nearly twice as likely to be diagnosed with diabetes as non-Hispanic white adults. In fact, almost 12% of U.S. Hispanic adults are already diagnosed, which is one of the highest prevalence rates among ethnic groups in the country. Hispanics comprise 32.9 percent of the population in San Diego County, which has an overall diabetes prevalence of 7.6 percent.

“Many people with type 2 diabetes may not realize that high blood sugar levels over time can lead to serious long-term health problems, so it’s important that Hispanics and others living with diabetes learn how to better manage their disease,” said Robert Espinoza, MD, Family Medicine, Santa Ana California. “Desafiando La Diabetes will help educate Hispanics in San Diego County about the importance of working with their doctors to come up with an individualized treatment plan to help them get to their A1C goal, track their progress and adjust the plan if needed, since diabetes is a progressive disease.”

Most people with diabetes are aware of the importance of controlling high blood sugar, but it’s also important for them to understand why blood sugar can sometimes go too low. For people on certain diabetes medications, low blood sugar can be caused by skipping meals or excessive exercise and can make you feel shaky, dizzy, sweaty, hungry, and sometimes, faint. Make sure your doctor explains the signs and symptoms of high and low blood sugar to you and let him or her know if you are experiencing any of those symptoms.

At the Feria de Salud event, Chef Leticia and Dr. Espinoza will encourage people with type 2 diabetes to pledge to know their A1C and to talk to their doctor about setting and attaining their own blood sugar goals. Friends and family can also pledge to challenge their loved ones to get to their goals. People with type 2 diabetes who take the challenge can stay motivated by completing missions and accessing important resources available on DesafiandoLaDiabetes.com that will help them work with their doctor to come up with an individualized treatment plan that is right for them.

For more information about Leticia’s story, the Desafiando La Diabetes program, bilingual resources, and diabetes-friendly recipes, visit DesafiandoLaDiabetes.com

About Chef Leticia Moreinos Schwartz

Chef Leticia Moreinos Schwartz is a chef, cookbook author, teacher, and food stylist with expertise in Hispanic and Latino cuisine. Diabetes is a topic that is very close to her heart, and Chef Leticia is now partnering with Merck on Desafiando La Diabetes: Logra Tus Metas to challenge Hispanics with type 2 diabetes to know their A1C and to work with their doctor to set and attain blood sugar goals.

About Desafiando La Diabetes: Logra Tus Metas

Desafiando La Diabetes: Logra Tus Metas is an educational program from Merck urging Hispanics with type 2 diabetes to know their A1C and to talk to their doctor about setting and attaining their own blood sugar goals. For more information on Desafiando La Diabetes: Logra Tus Metas, and to pledge to work with your doctor to reach your blood sugar goals, visit DesafiandoLaDiabetes.com.

About Type 2 Diabetes

Approximately 29.1 million people in the United States have diabetes, and 90% to 95% of these people have type 2 diabetes. One of three American men and nearly 2 of 5 American women born in 2000 will develop diabetes sometime during their lifetime.

When someone has type 2 diabetes, the body does not make enough insulin, and/or the insulin that the body makes does not work properly. This causes blood sugar levels to become too high, and the body may also keep making sugar even though it does not need it. Once a person has type 2 diabetes, it does not go away, and having diabetes can lead to serious health problems, such as heart disease and stroke.

People with type 2 diabetes can reduce their risk of serious complications by setting individual goals to manage the ABCs of diabetes – A for A1C, also known as blood sugar, B for blood pressure and C for cholesterol.

About Merck

Today’s Merck is a global healthcare leader working to help the world be well. Merck is known as MSD outside the United States and Canada. Through our prescription medicines, vaccines, biologic therapies, and consumer care and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to healthcare through far-reaching policies, programs and partnerships. For more information, visit www.merck.com and connect with us on Twitter, Facebook and YouTube.

Media Contact:

Michael Close

(310) 617-1067

 

 


Doral Financial Corporation and Government of Puerto Rico Meet for Trial to Settle Tax Refund Due to Doral

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Doral Financial Corporation and Government of Puerto Rico Meet for Trial to Settle Tax Refund Due to Doral

Chief Counsel Matthew D. McGill: Hacienda’s star witness is “irrelevant”


SAN JUAN, Puerto Rico, Sept. 19, 2014 /PRNewswire-HISPANIC PR WIRE/ — Following today’s trial in the Doral Financial Corporation v. Hacienda court case, Doral Legal Counsel Matthew D. McGill issued the following statement:

“To begin their case today, the government called as their star witness a former employee of Doral who the court has ruled has nothing relevant to say about the tax agreement that Hacienda is trying to repudiate. Hacienda’s presentation of an irrelevant witness confirms what Doral has been saying–that there is no evidence to support Hacienda’s attempted nullification of its agreement with Doral.”

For more information on case of Doral vs. the Hacienda and events leading up to the trial, visit www.DoralPuertoRicoFacts.com.

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.

Contact: Miriam Warren 202-722-2186


How Technology Supports an Effective Manned Security Program for Financial Institutions

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How Technology Supports an Effective Manned Security Program for Financial Institutions

G4S and Bank of America present at CELAES 2014 – the FELABAN Conference on Bank Security


MIAMI, Sept. 19, 2014 /PRNewswire-HISPANIC PR WIRE/ — Technology plays an ever-increasing role in effective security planning and execution. Recently developed technology has been critical in better management of security threats, providing leading financial institutions with real-time visibility of information and events occurring across all of their security systems and allowing for better performance and control.

Brian McCabe, Chief Innovation Officer of G4S and Dylan Anderson, SVP Regional Director, of Bank of America, will present “Leveraging Technology for Intelligence and Situational Awareness in a Manned Security Program” at the FELABAN XXIX Bank Security Conference, CELAES 2014, in Miami on September 23rd.

The presentation will discuss how tools developed to better analyze data, identify patterns, visualize possible threats and assign available resources allows Bank of America to make better security decisions in the moment, and to plan for the long-term. G4S has provided manned security and security technology to Bank of America for more than 20 years.

CELAES 2014 is expected to attract more than 650 participants from Latin America, North America and Europe. Over 200 Financial Institutions from 33 different countries are expected to participate. CELAES 2014, the Latin American Banking Federation (FELABAN) Conference on Bank Security, is organized by the Florida International Bankers Association Inc. (FIBA). To learn more visit www.celaes.com

ABOUT

G4S is the leading global integrated security company specializing in the provision of security products, services and solutions. The group is active in more than 120 countries, and is the largest employer quoted on the London Stock Exchange with more than 618,000 employees and has a secondary stock exchange listing in Copenhagen. To learn more visit www.g4s.com.

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small businesses, middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 49 million consumer and small business relationships with approximately 5,000 retail banking offices and approximately 16,000 ATMs and award-winning online banking with 30 million active users and more than 15 million mobile users. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock is listed on the New York Stock Exchange.


Flu Vaccine For Expectant Moms A Top Priority

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Flu Vaccine For Expectant Moms A Top Priority



Getting a Flu Shot Helps Moms Help Their Babies


WHITE PLAINS, N.Y., Sept. 18, 2014 /PRNewswire-HISPANIC PR WIRE/ — Only about half of all pregnant women in the U.S. get a flu shot each season, leaving thousands of moms-to-be and their babies at increased risk of serious illness.  

“Getting a flu shot should be a routine part of prenatal care,” said Edward McCabe, MD, March of Dimes chief medical officer. “Health care providers should offer their pregnant patients a flu shot each year and if they don’t, then women should ask for it.”

A report by the U.S. Centers for Disease Control and Prevention, presented today by the National Foundation for Infectious Disease, found that among  those pregnant women whose health care provider offered them a flu shot had the highest vaccination rates.

All pregnant women and those planning to become pregnant should receive a flu shot because the normal changes to a pregnant woman’s immune system, heart and lungs put moms-to-be at increased risk of the harmful effects of flu infection. Also, babies born to mothers who got their flu shot while pregnant were protected from serious illness from influenza during their first six months of life. They also had a lower risk of flu-related hospitalizations for chronic asthma, heart conditions, diabetes, a weakened immune system, and other health-related problems.

Studies that looked at thousands of pregnant women who received the seasonal flu vaccine, found that immunized moms did not have a higher risk of babies being born too soon or developing a birth defect when compared with babies born to women who did not get a vaccine. Also, researchers found that women who were vaccinated were less likely to experience a stillbirth. 

The CDC recommends that everyone six months of age or older, including pregnant women, be vaccinated annually against the influenza virus.

In addition to getting their annual flu shot, pregnant women can lower their risk of catching influenza by limiting contact with others who are sick; coughing or sneezing into a tissue or an arm; not touching the eyes, nose and mouth; washing hands with soap and water before touching others; using hand sanitizers; using hot, soapy water or a dishwasher to wash the dishes and utensils; not sharing the dishes, glasses, utensils or toothbrush. Also, those who live with pregnant women, or who are in close contact with them should be immunized.

Pregnant women who develop influenza infection symptoms, such as sudden onset fever, muscle aches, and cough should contact their health providers as soon as possible to begin the treatment. 

The March of Dimes works to improve the health of babies by preventing birth defects, premature birth and infant mortality. The March of Dimes is the leading nonprofit organization for pregnancy and baby health.  For more than 75 years, moms and babies have benefited from March of Dimes research, education, vaccines, and breakthroughs.  For the latest resources and information, visit marchofdimes.org or nacersano.org. Find us on Facebook and Twitter.