Oklahoma court favors Continental CEO in $1B divorce case - KSWO 7News | Breaking News, Weather and Sports

Oklahoma court favors Continental CEO in $1B divorce case

Forbes 2012 Forbes 2012

OKLAHOMA CITY (AP) - The Oklahoma Supreme Court has dismissed an appeal by the ex-wife of billionaire energy tycoon Harold Hamm in their near-$1 billion divorce settlement.

In a 7-2 decision Tuesday, the state's highest court ruled in favor of Hamm, the chairman and CEO of energy giant Continental Resources Inc. and granted his motion to dismiss the appeal by Sue Ann Hamm.

The couple was married for more than 20 years before Sue Ann Hamm filed for divorce in 2012.

An Oklahoma County judge in November approved the couple's divorce settlement, which included an award of nearly $1 billion to Sue Ann Hamm.

But Sue Ann Hamm appealed, arguing that the amount was only a fraction of the couple's estimated $18 billion wealth.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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