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“Looming Divorce Could Threaten U.S. Oil Baron’s Empire”

Filed by KOSU News in State Impact.
March 22, 2013

Continental Resources CEO Harold Hamm is in the middle of a “contentious” divorce that could impact his control of the Oklahoma energy giant, Reuters reports.

Whether the Hamms signed a prenuptial agreement is unclear. Legal analysts who reviewed court filings said that without one, the case could lead to a record-breaking financial settlement – one that could exceed the $1.7 billion paid by News Corp. founder and chairman Rupert Murdoch to ex-wife Anna in 1999. One outcome could be a split of “marital property” that may include dividing Harold Hamm’s controlling 68 percent stake in Continental, currently worth $11.2 billion.

Read more at: newsandinsight.thomsonreuters.com

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