November 17, 2014
Ilan Hirschfeld, Partner-in-Charge of the New Jersey Offices, Quoted in Reuters Article, "The $1 Billion Divorce: Why Harold Hamm's Ex-Wife Didn't Win More."
By Joshua Schneyer
Just how much of Harold Hamm's fortune was amassed through his skill and hard work?
That was a key question that Oklahoma divorce judge Howard Haralson had to weigh in his decision last week, when he ordered Hamm, the chief executive officer of Continental Resources - and Oklahoma's richest person - to hand over more than $1 billion in cash and assets to his ex-wife in one of the largest-ever U.S. divorce judgments.
Haralson awarded Sue Ann Hamm just 6 percent of the $18 billion fortune her lawyers say the couple had amassed at the start of the divorce trial in August.
"I'm surprised by the low value of the award to Sue Ann," said Ilan Hirschfeld, a marital dissolution expert in New Jersey. "The ruling says that Harold Hamm played the major decision-making role, a dominant role, and some within his company said it was too dominant."