Weird News

Ex-Wife of Oil Giant to Appeal Billion-Dollar Divorce Settlement
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Sue Ann Hamm received $1 billion in her divorce from Harold Hamm.

Summary: The now ex-wife of the owner of an oil company has appealed her $1 billion award she received in their divorce proceedings.

People reports that the divorce proceedings between Sue Ann Hamm and Harold Hamm, an Oklahoma oil tycoon, may not be over just quite yet. Earlier this week, a judge finalized the divorce between the couple and awarded Ms. Hamm an incredible $1 billion as part of the settlement. However, according to Sue Ann, the settlement is not a fair portion of the marital estate.

  
What
Where


According to Mr. Hamm, the divorce settlement is “fair and equitable.” Mr. Hamm’s attorney, Mike Burrage, stated, “We think that the judge heard all of the evidence, and that it’s a fair resolution of the divorce case.”

Click here to read about another celebrity divorce between The Captain and Tennille.

Not so fast, according to Ms. Hamm and her lawyers. Ron Barber, an attorney for Ms. Hamm, explained, “Sue Ann is disappointed in the outcome of this case. She dedicated 25 years as Harold’s faithful partner in family and business. She feels that an award of less than 6 percent of the couple’s wealth, which had grown during the marriage up to the date of trial by more than $18 billion, is not equitable, and she plans to appeal the Court’s decision.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






Do you think the $1 billion settlement was fair?

View Results

Loading ... Loading ...

Harold Hamm is the founder and CEO of Continental Resources. On Monday, Forbes estimated his wealth to be valued at roughly $14 billion. In last May’s issue of the magazine, he was declared “The Billionaire Oilman Fueling America’s Recovery.”

Click here to read about Continental Resources.

In the divorce complaint, Sue Ann Hamm asked Harold Hamm to move out of the couple’s home in February of 2012, citing “ mutual irreconcilable differences.”

The divorce proceedings took over two-months. After the court hearings concluded—which were conducted privately for the sake of Mr. Hamm’s company—Oklahoma County District Judge Howard R. Haralson ruled in an 80-page order that Sue Ann would receive a total settlement of roughly $995 million. This included two homes in Oklahoma, a ranch in California, a majority stake in a separate company, the amount of $322.7 million due by the end of this year, and, starting in January of 2015, $7 million a month until the settlement was paid in full.

Harold Hamm received his majority stake in his publicly traded oil company, a $10 million airplane, a Missouri home, two horses at the California ranch, and an Oklahoma office building.

Here is a previous article about Richard Gere’s divorce.

Attorneys for Sue Ann state that they will file an appeal by December 10.

Photo credit: cnbc.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney with motions experience

USA-WA-Seattle

Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience

USA-FL-Jacksonville

Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Land Use, Zoning Attorney with 2-6 years of real estate experience

USA-NY-Fishkill

Fishkill office of our client seeks land use, zoning and development attorney with 2-6 years of comm...

Apply Now

RELEVANT JOBS

Corporate / Commercial Attorney | Lebanon, NH

USA-NH-Lebanon

Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT

USA-VT-Burlington

Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Litigation Associate

USA-NY-New York City

Midtown Manhattan litigation boutique with diverse civil litigation practice seeking associate with ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top