Doral Financial Corporation

  1. August 31, 2017

    Paul Hastings Says Doral Trustee's Clawback Claims Still Fail

    Paul Hastings LLP asked a New York bankruptcy court Wednesday to again stop an attempt by the trustee of bankrupt Doral Financial Corp. to claw back $3.9 million in payments to the firm, saying the trustee's amended complaint still lacks sufficient detail.

  2. June 30, 2017

    Doral Trustee Slams Paul Hastings' Bid To Ax $5.3M Suit

    The trustee of bankrupt Doral Financial Corp. on Friday shot back at a bid to stop its attempted clawback of a $5.3 million payment made to Paul Hastings LLP just before the bank entered Chapter 11, saying the money came from it and not a subsidiary bank.

  3. May 12, 2017

    Paul Hastings Moves To Toss $5.3M Doral Trustee Suit

    Paul Hastings LLP fought back Friday against an attempt by the trustee of bankrupt Doral Financial Corp. to take back a $5.3 million payment made just before the bank entered Chapter 11, saying the complaint was too vague and was blocked by a settlement with financial regulators.

  4. March 29, 2017

    $12M Whistleblower Claim Against Bankrupt Doral Cut By 98%

    A New York bankruptcy judge on Wednesday capped a $12 million whistleblower claim a former executive brought against Doral Financial Corp. at $242,000, agreeing with the trustee that the law limited his possible award.

  5. March 20, 2017

    Doral Trustee Seeks $5.3M From Paul Hastings

    The trustee of the bankrupt Doral Financial Corp. said Friday it wants Paul Hastings LLP to give back $5.3 million allegedly paid to settle old debts in full just before its 2015 Chapter 11 filing, telling a New York bankruptcy court the firm should've waited its turn and taken a haircut like all Doral's other creditors. 

  6. February 14, 2017

    Doral Financial Trustee Seeks To Cap Ex-Exec's $12M Claim

    The trustee of the bankrupt Doral Financial Corp. asked a New York bankruptcy judge Monday to cap an ex-executive's $12 million whistleblowing claim at under $300,000, saying that's all he can get by law.

  7. December 18, 2015

    Doral Creditors Say $889M Puerto Rico Tax Deal Is Valid

    Bankrupt Doral Financial Corp. and its creditors sued Puerto Rico's Treasury secretary on Thursday, seeking a declaration that an $889 million tax agreement between the company and the commonwealth from 2006 is valid after an appellate court struck down a similar deal from 2012.

  8. November 03, 2015

    Doral Gets More Exclusive Time For Bankruptcy Plan

    Puerto Rico-based Doral Financial Corp. will maintain exclusive control over its bankruptcy until the end of the year under a new ruling filed Monday that lets Doral keep working toward partial recoupment of a hotly contested $229 million tax credit.

  9. May 19, 2015

    Doral Seeks Approval For $17M Sale Of Insurance Arm

    Puerto Rico-based Doral Financial Corp. asked a New York bankruptcy judge on Tuesday to approve a $17.25 million sale of one of its companies to Popular Insurance LLC.

  10. April 02, 2015

    Doral Floats $11M Bankruptcy Sale For Insurance Wing

    Puerto Rico's Doral Financial Corp. on Tuesday proposed selling off an insurance division at a bankruptcy auction anchored by Anglo-Puerto Rican Insurance Corp.'s $10.75 million stalking-horse offer, the first step toward repaying creditors since the lender's collapse into liquidation.