Defendant Name: Doral Financial Corporation

Defendant Type: Public Company
SIC Code: 6162
CUSIP: 25811P85

Initial Case Details

Legal Case Name SEC v. Doral Financial Corporation
First Document Date 19-Sep-2006
Initial Filing Format Civil Proceeding
Case Number 06-cv-07158
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
Sec 10(b) + Rule 10b-5
Rule 12b-20
Sec 13(a)
Rule 13a-1
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Securities Act
Sec 17(a) (Not specified)


First Resolution Date 04-Dec-2006
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

complaint_06-cv-07158 19-Sep-2006 Complaint
The Commission stated: "The SEC brings this financial fraud action against Doral Financial Corporation, a NYSE-listed Puerto Rican bank holding company. Doral Financial overstated income by approximately $921 million or 100 percent on a pre-tax, cumulative basis between 2000 and 2004."
court_doc3_06-cv-07158 04-Dec-2006 Court Docket Document
Final Judgment as to Defendant Doral Financial Corporation
The Court stated: "Plaintiff Securities and Exchange Commission having filed a Complaint and Defendant Doral Financial Corporation ("Doral Financial") having entered a general appearance; consented to the Court's jurisdiction over it and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
LR-21117_06-cv-07158 06-Jul-2009 Litigation Release
SEC Announces Distribution of $123 Million To Doral Financial Investors Harmed By Accounting Fraud
The Commission stated: "investors who were harmed by fraudulent accounting and disclosure practices at Doral Financial Corporation are receiving $123 million in cash to compensate them for their losses."

Related Actions:

SEC v. First Bancorp
In the Matter of Annie Astor-Carbonell (CPA)
SEC v. Angel Alvarez-Perez and Annie Astor-Carbonell