san juan creditors puerto rico government development bank monday sue stop distribute money creditors call preferential transfer ahead gdb may debt payment puerto rico governor say may payable hedge fund include brigade capital management claren road asset management hold gdb 3.75 billion debt ask federal court san juan puerto rico bar municipalities public entities depositors remove money prevent run bank lawsuit late sign increasingly urgent financial crisis puerto rico 70 billion total debt 45 percent poverty rate shrink population puerto rico governor alejandro garcia padilla say gdb near insolvency consider moratorium debt payments gdb payment due may approximately 422 million island whole face july payment 1.55 billion various debt class gdb creditors midst restructure talk could lead forbearance agreement debt restructure monday lawsuit file give talk time evolve without fear run bank say donald bernstein lawyer creditors gdb need able fund essential service extent money pull people want bail situation expense creditors happen bernstein say interview gdb act commonwealth main liquidity source public agencies draw account fund service pay debt gdp president melba acosta febo say central claim lawsuit bank withhold financial information order prefer certain depositors bondholders false base fact although specific allegations set forth lawsuit erroneous clear creditors agree us one thing puerto rico fiscal situation dismal island debt unpayable need federal restructure regime help commonwealth road recovery acute acosta say statement default gdb could allow creditors seek appointment receiver process would trigger puerto rico treasury secretary juan zaragoza zaragoza last week resign membership gdb board directors source close restructure talk gdb tell reuters do avoid conflict interest event must appoint receiver source say island treasury department consider remove money gdb consider open new account bank event gdb become insolvent creditors sue block puerto rico development bank withdrawals