Owner of Menards being sued after allegations of sexual harassment

CREATED Jun 19, 2013 - UPDATED: Jun 20, 2013

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MILWAUKEE - A billionaire from Wisconsin, and owner of Menards hardware stores, is being sued.

The lawsuit claims John Menard, Jr. touched and demanded sexual activities multiple times from the wife of a former business partner in Indiana. She said that if she didn't comply, he threatened severe financial consequences.

The documents show she refused Menard, who then made good on his threat, suing Stephen Hilbert for mismanaging more than $400 million of investments.

Menard is fighting the allegations. his attorney says Hilbert's lawsuit is a reaction to terrible money management.