Judge Stonewalls Doral In $130M Restitution Bid

Law360, New York (February 11, 2011, 5:16 PM EST) -- A federal judge has denied Doral Financial Corp.'s bid for $131 million in restitution from a former treasurer who is in prison for lying about the bank's financial health, but did award it roughly $1.9 million in legal fees.

Mario "Sammy" Levis, sentenced to five years in prison in November for misleading investors to the tune of $4 billion, will have to pay $1.894 million to cover costs Doral incurred to help the U.S. Attorney's office investigate Levis, Judge Thomas P. Griesa of the U.S. District...
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