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The Water Cooler
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Divorce to cost Harold Hamm nearly $1 billion
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<blockquote data-quote="Old Fart" data-source="post: 2657385" data-attributes="member: 4899"><p>I've been sitting back waiting on this outcome. Wow! <img src="/images/smilies/ugh2.gif" class="smilie" loading="lazy" alt=":ugh2:" title="Ugh2 :ugh2:" data-shortname=":ugh2:" /></p><p>I'm sure further legal proceeding will follow. <img src="/images/smilies/rolleyes2.gif" class="smilie" loading="lazy" alt=":rolleyes2" title="Rolleyes2 :rolleyes2" data-shortname=":rolleyes2" /></p><p></p><p></p><p><strong>Continental Resources Inc. CEO Harold Hamm must pay almost $1 billion to complete his divorce, an Oklahoma judge has ruled.</strong></p><p></p><p>Continental Resources Inc. CEO Harold Hamm must pay his ex-wife nearly $1 billion to resolve their long-running divorce case, an Oklahoma County judge ruled Monday.</p><p></p><p>Observers had speculated the divorce could be the largest in U.S. history, given Hamms position as Continentals majority shareholder, but the judge decided only a fraction of his stocks value qualified as marital property.</p><p></p><p>District Judge Howard R. Haralson awarded about $2 billion in marital property to Hamm, while his ex-wife, attorney Sue Ann Hamm, received assets worth about $25 million.</p><p></p><p>The judge ruled Harold Hamm must pay half of the difference between the marital asset awards, which works out to about $995 million.</p><p></p><p>We think this is a fair and equitable outcome of the case, said Mike Burrage, one of Harold Hamms attorneys.</p><p></p><p>Sue Ann Hamms attorneys were not prepared to comment on the ruling Monday.</p><p></p><p>Were currently evaluating Ms. Hamms options, attorney Ron Barber said. Well release a statement in the next few days.</p><p></p><p>The Hamms had been married since April 1988, but she asked him to move out on Feb. 19, 2012. The divorce petition filed three months later cites mutual irreconcilable differences.</p><p></p><p>For complete article: <a href="http://newsok.com/divorce-to-cost-harold-hamm-nearly-1-billion/article/5365475" target="_blank">http://newsok.com/divorce-to-cost-harold-hamm-nearly-1-billion/article/5365475</a></p></blockquote><p></p>
[QUOTE="Old Fart, post: 2657385, member: 4899"] I've been sitting back waiting on this outcome. Wow! :ugh2: I'm sure further legal proceeding will follow. :rolleyes2 [B]Continental Resources Inc. CEO Harold Hamm must pay almost $1 billion to complete his divorce, an Oklahoma judge has ruled.[/B] Continental Resources Inc. CEO Harold Hamm must pay his ex-wife nearly $1 billion to resolve their long-running divorce case, an Oklahoma County judge ruled Monday. Observers had speculated the divorce could be the largest in U.S. history, given Hamms position as Continentals majority shareholder, but the judge decided only a fraction of his stocks value qualified as marital property. District Judge Howard R. Haralson awarded about $2 billion in marital property to Hamm, while his ex-wife, attorney Sue Ann Hamm, received assets worth about $25 million. The judge ruled Harold Hamm must pay half of the difference between the marital asset awards, which works out to about $995 million. We think this is a fair and equitable outcome of the case, said Mike Burrage, one of Harold Hamms attorneys. Sue Ann Hamms attorneys were not prepared to comment on the ruling Monday. Were currently evaluating Ms. Hamms options, attorney Ron Barber said. Well release a statement in the next few days. The Hamms had been married since April 1988, but she asked him to move out on Feb. 19, 2012. The divorce petition filed three months later cites mutual irreconcilable differences. For complete article: [url]http://newsok.com/divorce-to-cost-harold-hamm-nearly-1-billion/article/5365475[/url] [/QUOTE]
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