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Doral Financial Shares Up Sharply Following Court Decision

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Shares of Doral Financial Corp. (NYSE: DRL) are up sharply Monday morning following the company’s Friday announcement that confirmed a $229 million tax dispute was ruled in the company’s favor.

Shares of Doral Financial closed Friday’s session at $5.29; shares were trading at $8.85 in Monday's premarket, up 68 percent.

Shares of Doral Financial have been trending lower for much of 2014, down 66 percent year-to-date.

 

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