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Dec 5, 2014

Oil magnate’s ex-wife slams $1 billion divorce ruling in appeal

By Joshua Schneyer

(Reuters) – The ex-wife of Oklahoma oil magnate Harold Hamm has appealed a November divorce ruling that awarded her $1 billion, citing 78 alleged errors and missteps that caused a judge to grossly undervalue her stake in one of America’s greatest oil fortunes.

Sue Ann Arnall’s appeal assails as “inappropriate” Judge Howard Haralson’s decision to allow lawyers for both her ex-husband and his oil company, Continental Resources, to “double team” her during an epic divorce trial.

Nov 17, 2014

INSIGHT, RPT-The $1 billion divorce: Why Harold Hamm’s ex-wife didn’t win more

Nov 17 (Reuters) – Just how much of Harold Hamm’s fortune
was amassed through his skill and hard work?

That was a key question that Oklahoma divorce judge Howard
Haralson had to weigh in his decision last week, when he ordered
Hamm, the chief executive officer of Continental Resources
– and Oklahoma’s richest person – to hand over more than
$1 billion in cash and assets to his ex-wife in one of the
largest-ever U.S. divorce judgments.

Nov 16, 2014

The $1 billion divorce: Why Harold Hamm’s ex-wife didn’t win more

Nov 16 (Reuters) – Just how much of Harold Hamm’s fortune
was amassed through his skill and hard work?

That was a key question that Oklahoma divorce judge Howard
Haralson had to weigh in his decision last week, when he ordered
Hamm, the chief executive officer of Continental Resources
– and Oklahoma’s richest person – to hand over more than
$1 billion in cash and assets to his ex-wife in one of the
largest-ever U.S. divorce judgments.

Nov 13, 2014

Ex-wife of US oil baron to appeal $1 bln divorce award

Nov 13 (Reuters) – Sue Ann Hamm, the ex-wife of Oklahoma oil
magnate Harold Hamm who was awarded cash and assets worth more
than $1 billion in the couple’s divorce this week, plans to
appeal the judgment on grounds that it grossly undervalues the
marital wealth she is entitled to.

Feeling shortchanged by a ruling that allows the Continental
Resources chief executive officer to keep around 94
percent of the estimated $18 billion rise in his Continental
shares during a 26-year marriage, Sue Ann Hamm will appeal
within a few weeks, one of her lawyers, Ron Barber, told Reuters
on Thursday.

Nov 13, 2014

Exclusive: Ex-wife of U.S. oil baron to appeal $1 billion divorce award

By Joshua Schneyer

(Reuters) – Sue Ann Hamm, the ex-wife of Oklahoma oil magnate Harold Hamm who was awarded cash and assets worth more than $1 billion in the couple’s divorce this week, plans to appeal the judgment on grounds that it grossly undervalues the marital wealth she is entitled to.

Claiming she was shortchanged by a ruling that allows the Continental Resources (CLR.N: Quote, Profile, Research, Stock Buzz) chief executive officer to keep nearly all of an estimated $18 billion rise in his Continental shares during a 26-year marriage, Sue Ann Hamm plans to appeal the decision, Ron Barber, one of the attorneys on her legal team, told Reuters on Thursday.  

Nov 10, 2014

Continental CEO Harold Hamm ordered to pay $995 million in divorce

By Joshua Schneyer

(Reuters) – An Oklahoma County judge has ordered and Continental Resources (CLR.N: Quote, Profile, Research, Stock Buzz) Chief Executive Officer Harold Hamm to pay nearly $1 billion in a divorce judgment, according to a court filing made public on Monday.

In one of the highest value divorce judgments in U.S. history, Special Judge Howard Haralson found that oil magnate Hamm should pay his ex-wife Sue Ann Hamm a total of $995.5 million.

Nov 5, 2014

Special Report: In oil baron’s divorce, company lawyer plays star role

OKLAHOMA CITY (Reuters) – During the divorce trial of oil baron Harold Hamm and wife Sue Ann, an unusual relationship took shape in the Oklahoma courtroom as the marriage was being dismantled.

From the bench, Special Judge Howard Haralson playfully tossed red and white peppermints to a lawyer sitting alone in the jury box who didn’t represent either of the Hamms in the case.

Nov 5, 2014

Long-ago land deal may loom large in Oklahoma divorce

OKLAHOMA CITY (Reuters) – Continental Resources has become a leading oil driller in North Dakota’s Bakken field, which has added more than 1 million barrels per day to U.S. oil output.

But SEC filings and court documents referenced in the divorce of Harold and Sue Ann Hamm show that years before Continental gained its foothold in the Bakken, a stake in the oilfield was acquired by a little-known company known as Jolette Oil. 

Nov 5, 2014

In oil baron’s divorce, company lawyer plays star role

OKLAHOMA CITY, Nov 5 (Reuters) – During the divorce trial of
oil baron Harold Hamm and wife Sue Ann, an unusual relationship
took shape in the Oklahoma courtroom as the marriage was being
dismantled.

From the bench, Special Judge Howard Haralson playfully
tossed red and white peppermints to a lawyer sitting alone in
the jury box who didn’t represent either of the Hamms in the
case.

Oct 13, 2014

Privately, Saudis tell oil market: get used to lower prices

LONDON/NEW YORK, Oct 13 (Reuters) – Saudi Arabia is quietly
telling the oil market it would be comfortable with much lower
oil prices for an extended period, a sharp shift in policy that
may be aimed at slowing the expansion of rival producers
including those in the U.S. shale patch.

Some OPEC members including Venezuela are clamouring for
production cuts to push oil prices back up above $100 a barrel.