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Tag: divorce settlement

  • Gavin Rossdale And Gwen Stefani Settle Divorce, Will Get 50/50 Child Custody

    British musician and actor Gavin Rossdale and No Doubt lead singer Gwen Stefani have reportedly agreed to settle their divorce.

    This entails 50/50 child custody for both musicians, who are parents to three children, Kingston, 9, Zuma, 6, and Apollo, 19 months.

    The former 90’s couple first made the announcement about their divorce in August, citing irreconcilable differences. While there have also been rumors spreading that the British musician has cheated with his kids’ nanny, no new updates have been reported since then.

    According to reports, the divorce was already expected, and was ‘a long time coming’. A report has also cited that the marriage has been ‘rocky’ even before baby Apollo was born. The two 90’s rock stars tried to patch things up but they just couldn’t. “A lot of the feeling was gone”, a source told reports a couple of months ago. This could mean that the recent settlement has been well thought out for months in order to speed up the settlement process.

    Aside from getting equal child custody of his children, Rossdale, 49, also agreed to get less than half of the couple’s shared property. The judge would reportedly sign the final divorce papers by the end of the year, if everything ‘runs smoothly’.

    “While the two of us have come to the mutual decision that we will no longer be partners in marriage, we remain partners in parenthood and are committed to jointly raising our three sons in a happy and healthy environment,” the couple told Us Magazine.

    While both parents would get equal custody of the three kids, it seems Rossdale will have them more often, due to the 46-year-old Stefani’s tight schedule.

    Rossdale and Stefani have been married for 13 years. The two first became lovebirds in 1995, when Gwen Stefani’s No Doubt opened for Rossdale’s band, Bush while on tour.

  • Sue Ann Arnall: How Could A Nearly $1 BILLION Divorce Settlement Not Be Enough?

    Sue Ann Arnall, the ex-wife of Oklahoma oil tycoon Harold Hamm, has rejected the $975 million divorce settlement awarded to her by an Oklahoma court. Arnall appealed the ruling citing 78 errors which she believes led the judge to undervalue her stake in Hamm’s fortune. She believes the court’s ruling was not fair because Hamm was worth an estimated $18 billion.

    Hamm’s lawyer, Michael Burrage, released a statement saying, “Ms. Arnall, through her counsel, stated that they were rejecting the payment because Ms. Arnall did not want to risk the dismissal of her appeal by acceptance of the benefits.”

    Sue Ann’s legal counsel also released a statement saying, “As Sue Ann has stated previously, 6 percent is not a fair proportion of the wealth the couple accumulated during their marriage, and she trusts that a more equitable division of the marital estate will result from this appeal.”

    Arnall was an economist and a lawyer who has held executive positions in Hamm’s company, Continental Resources. According to Arnall’s appeal, the company’s fortune is due to both Hamm’s work and hers and that she is entitled to so much more than the $975 million awarded to her. Hamm and Arnall have been married for 26 years and they have two children together. It is worth noting that the couple had no prenuptial agreement when they got married. Aside from the $975 million check, Hamm also paid Arnall millions during the divorce proceedings. She was also awarded property including the couple’s $14.7 million Oak Ridge Ranch in California, as well as a couple of their Oklahoma properties. Despite writing the check, Hamm will also file an appeal stating that outside factors (including a significant dip in oil prices) have taken their toll on both the company and his wealth, saying that his fortune is actually worth less than Arnall’s estimate. The $975 million awarded to Arnall is the second largest divorce settlement in the United States. Jocelyn Wildenstein, who was awarded $2.5 billion, remains to be on the top spot of the most expensive divorce cases in America.

  • Sue Ann Hamm Not Satisfied With $1 Billion Divorce Settlement

    Sue Ann Hamm, the ex-wife of Oklahoma oil tycoon Harold Hamm, was awarded over $1 billion in cash and assets during their divorce trial last week. However, it seems Sue Ann is not happy with the ruling and will be appealing the judgment on the grounds that it “grossly undervalues” the money she is entitled to, especially after working in the company during her marriage with Hamm. The ruling allowed Hamm to keep an estimated 94 percent of the rise in his shares during their marriage.

    “Sue Ann is disappointed in the outcome of this case. She dedicated 25 years as Harold’s faithful partner in family and business,” said Sue Ann’s attorney Ron Barber. According to a court filing, Judge Howard Haralson ruled that Hamm should pay Sue Ann a total of $995.5 million dollars with about a third of the money to be paid for by the end of the year. She was also awarded additional assets including a ranch and a house, both located in Oklahoma. The assets are said to be worth millions.

    The divorce settlement that was reached on Monday, November 10, is considered as one of the biggest settlements in US history. Hamm is the CEO of Continental Resources, one of the largest oil companies in the United States. Hamm also owns 68% of Continental Resources’ stock, which is worth $13.5 billion.

    Sue Ann is a lawyer and economist who has worked in key positions at Continental Resources during their 26 years of marriage. According to court documents, Sue Ann also led the crude marketing department at one point.

    In a court filing from 2013, Sue Ann revealed that Harold was having an affair, which prompted her to file for divorce. The couple got married back in 1988 and they have two daughters together. It is worth noting that Harold and Sue Ann never signed a prenuptial agreement when they got married.

  • Sue Ann Hamm Plans to Appeal $1 Billion Settlement

    Sue Ann Hamm, who was awarded roughly $1 billion in cash and assets in a divorce settlement this week, feels that she was entitled to more, and plans to appeal the ruling.

    Sue Ann is the ex-wife of Harold Hamm, an Oklahoma oil baron worth an estimated $13.5 billion. Sue Ann’s settlement comprises around six percent of Harold’s holdings, Attorney Ron Barber commented, “Sue Ann is disappointed in the outcome of this case. She dedicated 25 years as Harold’s faithful partner in family and business. She plans to appeal the court’s decision.”

    The Hamm v. Hamm judgement was one of the largest divorce settlements in U.S. history, and if Sue Ann is successful in an appeal, she could be entitled to significantly higher compensation. Oklahoma County Court Judge Howard Haralson awarded Sue Ann $995.5 million, along with a ranch in California and a home in Oklahoma.

    Harold and Sue Ann were married in April, 1988, and Sue Ann filed for divorce in May, 2012, though Harold has said they had been separated since 2005. Sue Ann is an attorney and an economist, and played an executive role at Continental Resources during her 26-year marriage to Harold, the oil and natural gas company her ex-husband formed.

    Some find it difficult to imagine how one can not be content with $995.5 billion:

    Harold Hamm established Continental Resources in 1967, though Judge Haralson deemed that rising oil prices and new drilling technology were the key factors in the 400% growth of the company, and not Sue Ann’s executive roles during the marriage. Sue Ann’s lawyers disagree – “We believe that Harold should be given more credit for Continental’s success.”