Doral Financial (DRL) is painting a dark picture of its future if it is denied a $230 million refund from the Puerto Rican government.

Doral filed a lawsuit Thursday against the territory, claiming the government unlawfully voided an agreement to return taxes the $7.8 billion-asset company claims it overpaid. The lawsuit also lists Puerto Rico's Treasury Department and Melba Acosta Febo, the territory's Treasury Secretary, as defendants.

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