Wednesday, 7 January 2015

Woman Rejects $975 million cheque in divorce settlement


The ex-wife of oil billionaire Harold Hamm has rejected his check for roughly $975 million, a payment meant to satisfy a judge’s recent divorce decree.

Woman Rejects $975 million cheque in divorce settlement

An Oklahoma judge ordered Mr. Hamm, the chief executive of Continental Resources Inc., to pay his former wife, Sue Ann Arnall, nearly $1 billion to settle the couple’s contentious 2 ½ year divorce.

But on Monday, she rejected the check, lawyers for Mr. Hamm and Ms. Arnall confirmed Tuesday.

Ms. Arnall, who was also awarded two homes, a ranch and other assets worth another several million dollars, is appealing the judge’s divorce ruling, saying it shortchanges her 26-year marriage to the wildcatter.

She is seeking a divorce settlement of several billion dollars.

Ms. Arnall, through her counsel, stated that they were rejecting the $974,790,317.77, said Michael Burrage, one of Mr. Hamm’s attorneys.

Ron Barber, an attorney for Ms. Arnall, said she cannot accept any payments from Mr. Hamm without jeopardizing her appeal.

Mr. Hamm’s counsel is fully aware of our position in this regard, and of the law regarding the acceptance of benefits pending appeal, he said.


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