The Sioux Falls company that was remodeling the Copper Lounge building when it collapsed in December 2016 has filed for bankruptcy protection.
The Argus Leader reports Hultgren Construction’s Chapter 11 filing will enable the company to reorganize as it faces several lawsuits. Bankruptcy attorney Robert Kugler says the company will distribute “what assets that are available” to claimants “as quickly and as efficiently as possible.”
The building collapsed Dec. 2, 2016, killing a construction worker and trapping a woman for hours.
An insurance company that says it paid out nearly $5 million in connection with the collapse has sued several entities it claims was responsible.
Hultgren is among those being sued by Cincinnati Insurance Co. The insurer provided coverage to Boomerang Investments, which bought the building just before it collapsed.
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