Creditors sue to block Puerto Rico development bank withdrawals

Townhall.com Staff
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Posted: Apr 04, 2016 3:38 PM
SAN JUAN (Reuters) - Creditors of Puerto Rico's Government Development Bank on Monday sued to stop it from distributing money to creditors in what they call "preferential transfers" ahead of the GDB's May 1 debt payment that Puerto Rico's governor says may not be payable.