BUZZ -Doral Financial Corp: Favorable court ruling

miércoles 23 de julio de 2014 10:26 GYT

** Lender's shares up 41 pct at $6.63

** Puerto Rico's top court orders a lower court to expedite a hearing in the company's tax dispute case with the island's government

** The lender sued the government in May for voiding an agreement that required the Treasury Department to pay the company about $230 million in tax refund

** A lower court's decision that it lacked jurisdiction to hear the case was overturned by an appeals court earlier this month

** Stock rises as much as 50.4 pct, making it one of the top percentage gainers on NYSE

** Shares have fallen about 72 pct in the last 12 months