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Legal Update: Harold Hamm and the “Billion Dollar Divorce”

In our blog entitled How the Other Half Lives posted on 25th October 2014, we gave a brief outline of the US case involving the divorce of the oil tycoon Harold Hamm and his wife Sue Ann Arnall.

That trial has now been heard and the case has lived up to the name given to it by the media – ‘The Billion Dollar Divorce”. Ms Arnall was awarded 1 billion dollars by the court which is the second highest divorce pay out in America.

However, Ms Arnall is challenging the award and has appealed against the judgment claiming that the marital assets have been incorrectly calculated and that one billion dollars does not represent her fair share of the marital assets. So it seems that this isn’t the end of the road for this particular couple. More money will be spent on legal fees with one side chasing and the other defending Ms Arnall’s end goal. Only time will tell what the outcome will be.

Follow the Slater Heelis Family Blog to keep up to date with what’s going on in the world of family law. If you require legal advice on any of the issues raised here or on your own personal circumstances then contact us on 0161 969 3131 to arrange an appointment to meet with one of our experienced family lawyers.