Daniel Jaffe was quoted in a Reuters article published in Business Insider about Continental Resources chief executive officer Harold Hamm’s divorce from Sue Ann Hamm, his second wife. The divorce is expected to lead to a record settlement and potentially undermine Harold Hamm’s control of one of the country’s fastest growing oil companies.
According to the article, Time named Harold Hamm one of the most influential people in the world and, last year, Forbes named him to its list of America’s 50 richest people. He is believed to be worth $11.3 billion. It is unknown whether the couple had a prenuptial agreement. If they didn’t, Harold Hamm’s 68 percent stake in Continental, worth $11.2 billion, could be at stake.
Jaffe, who represented Anna Murdoch, the former wife of media mogul Rupert Murdoch, said the fact that Sue Ann Hamm’s spent decades working for Continental added a unique element to the divorce case.
“She has a leg up because she worked for the company and she can claim that a portion of her efforts went into making the company what it is today,” he said. “She was married to him when the value of the company went up. She has got to be looking for a couple of billion dollars.”