SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Doral Financial Corp. and Its Board of Directors and a Lead Plaintiff Deadline of July 14, 2014 — DRL
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The complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (a) the Company had a material weakness in its internal controls regarding financial reporting and disclosure, and as a result such controls were ineffective; (b) the Company had under-reserved for loan losses, and as a result the Company's assets and net income were overstated while its expenses were understated, and the Company did not meet its Tier I regulatory capital requirements.
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