Court dismisses appeal in $1 billion divorce of oil executive Hamm

[Yahoo! News]

View attachment 21014​

(Reuters) - Sue Ann Arnall, the ex-wife of Oklahoma oil executive Harold Hamm, lost an appeal of the couple's divorce case because she had accepted an award of nearly $1 billion, the state Supreme Court said on Tuesday. In a 7-2 decision, the court ruled in favor of a motion filed in January by Hamm, chief executive officer of oil company Continental Resources Inc, to dismiss Arnall's appeal. In its ruling, the Oklahoma Supreme Court allowed his appeal to proceed despite dismissing Arnall’s. Craig Box, a lawyer for Hamm, said he had not read the opinion yet. Last November, an Oklahoma district court ordered Hamm to pay his ex-wife about $1 billion in cash and assets when the couple divorced after a 26-year marriage.

Continue reading...