Doral Securities Litigation
www.DoralSecuritiesLitigation.com

WELCOME TO THE DORAL SECURITIES LITIGATION WEBSITE

In re Doral Financial Corp. Sec. Litig., United States District Court, District of Puerto Rico, Civil Action No. 3:14-cv-01393-GAG.

The purpose of this website is to inform you of the pendency of this class action (the “Litigation”) and the proposed $7 million settlement reached therein (the “Settlement”) and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement as well as counsel’s application for fees, costs, and expenses. This website describes what steps you may take in relation to the Settlement and this class action.

This website is not intended to be, and should not be construed as, an expression of any opinion by the Court with respect to the truth of the allegations in the Litigation as to any of the Settling Defendants or the merits of the claims or defenses asserted by or against the Settling Defendants. This website is solely to advise you of the proposed Settlement of the Litigation and of your rights in connection therewith.


What Are My Options?
SUBMIT A CLAIM FORM The only way to be eligible to receive a payment from the Settlement. The deadline to submit a Proof of Claim form was August 29, 2016.
EXCLUDE YOURSELF FROM THE CLASS Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Settling Defendants or any other Released Persons about the legal claims being resolved by this Settlement. The deadline to exclude yourself from the Settlement was July 5, 2016.
OBJECT TO THE SETTLEMENT Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees, costs, and expenses. You will still be a Member of the Class. The deadline to object to the Settlement was July 5, 2016.
GO TO THE HEARING ON AUGUST 8, 2016 Ask to speak in Court about the fairness of the Settlement. The deadline to request to speak was July 5, 2016.
DO NOTHING Receive no payment. You will, however, still be a Member of the Class, which means that you give up your right to ever be part of any other lawsuit against the Settling Defendants or any other Released Persons about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Litigation.

These rights and options – and the deadlines to exercise them – are more fully explained in the Notice. You may also wish to read the Frequently Asked Questions section of this website for additional information. Your legal rights are affected whether you act or don’t act. Please read the Notice and this website carefully.