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Monday, November 17, 2014

The woman with the most expensive divorce in history Says $1bn Divorce Settlement Is Not Enough.

The ex-wife of an oil magnate plans to appeal a divorce settlement that awarded her nearly $1bn (£640m). Harold Hamm's ex-wife says the settlement, one of the largest in history, is too low given her role in the family and business.

Sue Ann Hamm felt short-changed by a ruling this week that awarded her cash and assets worth $995.4m after a 26-year-marriage with Oklahoma's Harold Hamm, the chairman and CEO of energy giant Continental Resources Inc.
One of her lawyers, Ron Barber, said Mrs Hamm believes the decision was "not equitable" and plans to appeal within a few weeks.
The divorce already ranks as one of the most expensive in history.
But the woman's award was a small fraction of what Mr Hamm was allowed to keep - around 94% of the estimated $18bn rise in his Continental shares during the marriage. The lawyer for Mr Hamm said after the settlement that the CEO considered it "fair and equitable".

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