Doral Jumps on Court Order to Continue Negotiations on Tax Case

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.

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