WASHINGTON, Sept. 15, 2014 /PRNewswire-HISPANIC PR WIRE/ — Ahead of this week’s trial in Doral Financial Corporation v. Hacienda court case, Doral Legal Counsel Matthew D. McGill issued the following statement:

“These illegal government-orchestrated attacks on Doral are a desperate and shameful effort to distract people from the real issue:  The government owes Doral money and won’t pay.  The government’s refusal to live up to its agreement with Doral has damaged its credibility in the markets and, more importantly, has jeopardized the livelihoods of more than 1,000 Doral employees in Puerto Rico.  We will prove our case in court this week with evidence—not a smear campaign,” said Matthew D. McGill, Chief Legal Counsel and Gibson, Dunn and Crutcher Partner.

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. This briefing is supported by Doral Financial Corporation Additional information about the case of Doral Financial Corporation against the Government of Puerto Rico can be found at www.DoralPuertoRicoFacts.com.

CONTACT: Miriam Warren 202-722-2186