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Oil magnate's ex-wife slams $1 billion divorce ruling in appeal
Yahoo Finance ^ | December 5,2014 | Joshua Schneye

Posted on 12/05/2014 2:44:35 PM PST by Hojczyk

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.

It also disputes the court's acceptance of a revised version of Continental's corporate history that falsely dates hugely profitable moves as occurring before the couple's 26-year marriage began.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
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To: Hojczyk

It’s not about a single billion. It’s about getting even. That is what our country has become (ref: Furguson etc.)


41 posted on 12/05/2014 3:28:54 PM PST by llevrok (I fear the US government more than I do al Qaeda)
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To: ColdOne

... for less than half of that billion Dollar cashgrab... I can make this problem go away for this dude.


42 posted on 12/05/2014 3:30:00 PM PST by Rodamala
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To: American Constitutionalist

Most pre-nups (at least those I’ve known of) expire before 26 years.


43 posted on 12/05/2014 3:31:00 PM PST by EDINVA
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To: Hojczyk

Today’s word of the day, boys and girls, is hypergamy.


44 posted on 12/05/2014 3:34:26 PM PST by Rodamala
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To: Hojczyk

The effete elites pushed so hard for a divorce/cohabitation nation in the ‘80s and ‘90s. I saw let ‘em have it! Give it all to her and the lawyers, now! That’s what the courts have done to working class families. The court can do it to the harem-owning Henry Beecher types, too.


45 posted on 12/05/2014 3:38:21 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Hojczyk

I say let ‘em have it! [Little correction there.]


46 posted on 12/05/2014 3:39:03 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: HiTech RedNeck

Never said there is no God.
Getting a prenuptial agreement has nothing to do with whether someone believes in God or not.
Yes many pastors and preachers are against it, however they are not the one’s getting married with no skin in the game.
In this day in age it’s wise to get a prenup because no matter how much you think you know a person they lie.


47 posted on 12/05/2014 3:39:20 PM PST by American Constitutionalist (The Keystone Pipeline Project : build it already Congress !)
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To: fr_freak
"The ridiculous cash-and-prizes divorce system we have now just gives incentive to many women to turn themselves into extremely high-priced whores."

We once had a mythical character as a symbol, and his name was Uncle Sam. Now, it's Madame Samantha. Our nation has been a whorehouse for quite some time.


48 posted on 12/05/2014 3:42:49 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: EDINVA

How many years after did she file divorce ? Seems she knew what she was doing.
The timing is not conicidenal.


49 posted on 12/05/2014 3:43:10 PM PST by American Constitutionalist (The Keystone Pipeline Project : build it already Congress !)
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To: HiTech RedNeck

There is nowhere in the Bible that forbids prenuuals, however God is against divorce and the social influences that bring about divorce in today’s society.
Feminism would be one of them.


50 posted on 12/05/2014 3:48:20 PM PST by American Constitutionalist (The Keystone Pipeline Project : build it already Congress !)
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To: llevrok

It sounds like you are saying she spent 26 years setting him up so she ‘could just get even’.

Huh.


51 posted on 12/05/2014 4:22:42 PM PST by Balding_Eagle (The Gruber Revelations are proof that God is still smiling on America.)
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To: Balding_Eagle
It sounds like you are saying she spent 26 years setting him up so she ‘could just get even’.

Not at all. I'm sure he has his own baggage with her as well.

His "leverage" in the divorce is giving her a paltry billion. Her leverage (getting even now that she knows the "paltry" settlement) is to make his life miserable until she gets her fair share which is skin off his hide

52 posted on 12/05/2014 4:47:58 PM PST by llevrok (I fear the US government more than I do al Qaeda)
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To: DesertRhino

I believe that Melinda was working for Microsoft when Bill married her, so that claim may be true...


53 posted on 12/05/2014 4:50:10 PM PST by Delta Dawn (Fluent in two languages: English and cursive.)
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To: Hojczyk

If the price of oil keeps dropping she’ll be lucky to keep the one billion.


54 posted on 12/05/2014 7:40:42 PM PST by Newtoidaho
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To: Hojczyk

Not enough info to determine what’s right in the article. One billion would seem very equitable to most of us, but there is a real possibility that she contributed much more to the process of developing the wealth. That said, if I were to come into 10% of what she was awarded, I would be very comfortable giving a boatload of it to worthy causes...


55 posted on 12/06/2014 4:21:15 AM PST by trebb (Where in the the hell has my country gone?)
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To: SkyDancer
better that is more than what she brought into the marriage...pure greed
56 posted on 12/07/2014 5:04:46 AM PST by goat granny
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To: Hojczyk

Women are nuts. Everyone knows this.


57 posted on 12/07/2014 5:12:19 AM PST by Vision (Living in beauty)
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To: Hojczyk

The article in the current Forbes shamed her and likely got her riled.

Compared to divorce settlements made by other billionaires ex wives, percentage wise, the Hamn wife got a pittance. Among the divorced wives club, she is at the bottom and did poorly

http://www.forbes.com/sites/chasewithorn/2014/12/01/think-harold-hamms-billion-dollar-divorce-breaks-the-bank-others-have-paid-more/


58 posted on 12/07/2014 5:19:24 AM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
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To: HiTech RedNeck

it is a share of the “worth of a business” but paid in cash...

...and therein lies the problem. One side taking cash as a worth of a business, generally means the cash is now gone, since in the business world there generally isn’t that much just laying around. Up to and including no more than half the cash available might be a solution if it was enough, and if it isn’t there might be stock options or stock, as an option.

I’ve been there not with a divorce but with a departing partner, and it can be difficult for the remaining partner divorced from the cash. Partner left with inventory, which is definitely not cash, but could be. A division of a business based on half inventory and half cash is a bad split.


59 posted on 12/07/2014 5:20:36 AM PST by wita
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