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