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Doral Jumps on Court Order to Continue Negotiations on Tax Case

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Aug. 22 (Bloomberg) -- Doral Financial Corp. jumped in New York trading after the bank said a judge ordered continued negotiations with Puerto Rico’s Treasury Department over a disputed tax refund.

The bank climbed 3.5 percent to $8.69 at 11:29 a.m., reversing an earlier decline.

“Doral has not left the negotiations,” the San Juan-based company said in a statement today distributed by PR Newswire.

To contact the reporter on this story: Elizabeth Dexheimer in New York at

To contact the editors responsible for this story: Peter Eichenbaum at Dan Kraut

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