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The price of divorce? A whopping $975M for U.S. oil magnate
2015-01-09 04:53:42| Electronics - Topix.net
Sue Ann Arnell, a longtime attorney at Hamm's oil company, had earlier indicated she would pursue an appeal on the grounds that the nearly $1-billion settlement was unfair. Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, has deposited a handwritten $975 million divorce cheque, Hamm's lawyer said on Thursday, in a move that may end an epic divorce battle over a fortune worth billions.
Harold Hamm offers $975 million divorce check; ex-wife rejects it
2015-01-06 23:38:45| Electronics - Topix.net
Harold Hamm, chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check delivered to her legal team, his lawyer said on Tuesday. Hamm's offer to pay ex-wife Sue Ann Arnall immediately the full cash value of what he owes based on a November divorce ruling by an Oklahoma County judge was rejected, Hamm's lawyer, Michael Burrage, said in an emailed statement.
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Oil baron's US$1 billion divorce seemed like a bargain at the time
2015-01-04 05:14:15| Electronics - Topix.net
Tycoon Harold Hamm thought his ex-wife was getting a fair payout, but changed his mind when the oil-price rout slashed his fortune in half In November last year, when oil magnate Harold Hamm was ordered to pay his ex-wife US$1 billion in their divorce, he called the ruling "fair and equitable", publicly thanked the judge and said he was happy to have the case behind him. Now, with his estimated US$19 billion personal fortune having fallen by half amid a rout in oil prices, the chief executive of Continental Resources has changed his mind.
Okla. Oilman to Appeal $1B Divorce Ruling
2015-01-02 19:05:03| Electronics - Topix.net
The Oklahoma oilman who was ordered to pay his ex-wife $1 billion in the couple's divorce is appealing the ruling in the case . In his appeal, Harold Hamm calls the ruling "erroneous and inequitable," Reuters reports.
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Oil tycoon: I'm too broke for $1 billion divorce
2015-01-01 03:34:44| Electronics - Topix.net
A billionaire oil tycoon, who just last month agreed to pay $1 billion after a highly contentious divorce, now says it's no longer fair to ask him to pay out the big bucks because his wallet has been hit so hard by falling oil prices. Hamm's oil business Continental Resources was worth big bucks during the 26-year marriage because of rising oil prices but now, with oil at about $60 a barrel , the company's value has taken a hit, along with his wealth, he says.
Tags: oil
billion
broke
divorce
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