Doral higher after court decision

|About: Doral Financial Corporation (DRL)|By:, SA News Editor

The Puerto Rican Court of First Instance rules it lacks jurisdiction to determine whether Doral Financial (DRL) is entitled to a $229M tax refund from the Commonwealth, but the Court does say Treasury's annulment of an agreement between it and Doral is not a final decision, but instead only a preliminary action subject to administrative challenge.

The annulled agreement between Treasury and Doral had called for the $229M tax refund.

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