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Jan 14, 2015

Continental CEO Hamm pledges $2.6 bln in shares to secure personal loan

Jan 14 (Reuters) – Continental Resources Inc said
that Harold Hamm, its chief executive officer and majority
shareholder, has pledged about one-fourth of the company shares
he owns as collateral for a personal loan, according to a
regulatory filing.

The shares Hamm posted as collateral are worth $2.6 billion
and represent an 18.5 percent chunk in the Oklahoma-based
drilling giant, according to a Reuters calculation. Hamm could
be forced to offer more collateral for the loan if the value of
his company falls.

Jan 13, 2015

Oil tycoon’s ex-wife cashes $975 mln check, wants more

NEW YORK, Jan 12 (Reuters) – Sue Ann Arnall, the ex-wife of
Oklahoma oil magnate Harold Hamm, vowed on Monday to press on
with an appeal of her divorce case, even after she cashed a $975
million check from him.

In November, an Oklahoma court ordered the Continental
Resources Inc chief executive to pay his ex-wife about
$1 billion in cash and assets when the couple divorced after a
26-year marriage. The check for $975 million, which Arnall
cashed last week, represented the entire balance owed by Hamm,
according to the court’s decision.

Jan 9, 2015

Epic divorce of U.S. oil baron may end after ex-wife deposits check

NEW YORK, Jan 8 (Reuters) – Sue Ann Arnall, the ex-wife of
Oklahoma oil magnate Harold Hamm, has deposited a handwritten
$975 million divorce check, Hamm’s lawyer said on Thursday, in a
move that may end an epic divorce battle over a fortune worth
billions.

Arnall, 58, deposited the check after earlier this week
declining the payment and pledging to pursue her appeal of a
divorce ruling she viewed as unfair.

Jan 8, 2015

Oil man Harold Hamm’s ex-wife seeking to cash divorce check -source

NEW YORK, Jan 8 (Reuters) – Sue Ann Arnall, the ex-wife of
Oklahoma oil magnate Harold Hamm, is seeking to cash a $975
million handwritten divorce check just days after rejecting the
payment which was ordered by a court in November, a source
familiar with the matter said.

Earlier this week, Arnall’s lawyers had said she did not
want to accept the check for fear of hurting her appeal of a
divorce ruling she viewed as short changing her.

Jan 6, 2015

Harold Hamm offers $975 million divorce check; ex-wife rejects it

By Joshua Schneyer

(Reuters) – Harold Hamm, the chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check, lawyers for both sides said on Tuesday.

Hamm’s offer would have paid his ex-wife, Sue Ann Arnall, immediately the full cash value of what he owes based on a November divorce ruling by an Oklahoma County judge.

Dec 30, 2014

Exclusive: Oklahoma oilman appeals billion-dollar divorce judgment

OKLAHOMA CITY (Reuters) – Last month, when oil magnate Harold Hamm was ordered to pay his ex-wife $1 billion in their divorce, he called the ruling “fair and equitable,” publicly thanked the judge and said he was happy to have the case behind him.

Now, with his estimated $19 billion personal fortune having fallen by half amid a rout in oil prices, the chief executive of Continental Resources has changed his mind.

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.