Ex-Wife Rejects $975M Divorce Settlement

Ex-Wife Rejects $975M 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. 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 cheque, 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.

Added on: April 28th, 2015


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