So, the battle is still on. One would think that having been granted a $1 billion settlement by an Oklahoma judge would have pleased Sue Ann Hamm, but the ex-wife of the oil magnet Harold Hamm knows her rights and is not afraid to use them. The divorce, which was finalized in November, is now up for appeal. According to her divorce attorneys, there were 78 alleged errors and missteps in the November ruling which has caused the team to go back to the appeals court and ask for a fresh ruling on the issue.
Money is still a sore issue for the Hamms
The biggest issue in the ruling is of course that of money. As many celebrity and high-profile divorces go, money is the backbone of all amicable separations and in the case of the Hamms, there is at least one partner who has been left feeling shortchanged. Sue Ann thinks that because of the errors in the previous ruling, the Oklahoma court judge grossly undervalued the amount of money that should have been given to her as settlement and is now appealing for a larger share of one of the world’s greatest oil fortunes.
Oklahoma Judge made procedural errors, claims appeal
The appeal has called Judge Howard Haralson’s November ruling as ‘inappropriate’. The Judge had allowed divorce lawyers working for her husband as well as the lawyers from his oil company to double team against her. The appeals suit also mentions the fact that the court accepted a revised version of the Continental Resources corporate history that had been falsified to show that many of the company’s most profitable ventures happened before the couple was married.
Sue Ann claims that since the Hamms were married for 26 years, she is entitled to a larger share of the couple’s money than what the judge has given her, or which the court considered to be part of the couple’s shareable assets.
Judge miscalculated settlement amount
The original November 10th ruling ordered Hamm to pay his ex-wife around $1 billion in cash and assets over a period of years, making it one of the most costliest divorce settlements in the history of the country. However, the crux of the ruling was that it allowed Hamm to keep much of his property and his 68% of shares in Continental Resources as ‘separate property’. It is this ruling that Sue Ann and her posse of divorce lawyers are now contesting in the appeals court.
Sue Ann’s lawyers say that Judge Haralson miscalculated what was owed to their client, because he attributed only a small portion of the dramatic $14 billion rise that Hamm has seen in net worth (including his Continental shares) during the marriage to the efforts and skills of both the spouse. Since Sue Ann was married to Hamm during this period when his company became one of the biggest oil giants in the country, she has a fair right to an equal share in the property.