Thor Construction shutting down in wake of lawsuits

Thor Construction, embattled by lawsuits, financial trouble and the departure of key staff, is shutting down after four decades, its founder said.

The action comes following lawsuits in recent months by key lender Sunrise Banks and others seeking payment less than a year after the opening of Thor’s new headquarters building in north Minneapolis. Thor was the project’s builder and a key partner with Hennepin County, Target Corp. and other investors.

http://www.startribune.com/thor-construction-shutting-down-in-wake-of-lawsuits/509135492/