$ 975 Million Dollar Divorce Check Rejected by Ex-Wife in the Harold Hamm and Sue Ann Arnall Case

Here is an interesting piece of news from Reuters.  Husband tendered his check in payment of a judgment of divorce for $975,000,000.00 to his former spouse, who has appealed the judgment.  Apparently Oklahoma lawyers for the ex-wife feel that accepting the check could "hurt the appeal." 

I cannot help but wonder why they would not deposit the check, indicate by correspondence that acceptance of the funds does not in any way constitute a waiver of appellate rights and that the funds will be held in an escrow account until the appeal is decided.  But, then again, I am not an Oklahoma attorney.  That is a lot of money to flat out reject and hope that it is available later on. 

A link to the story on yahoo:

http://finance.yahoo.com/news/harold-hamm-offers-975-mln-230929517.html;_ylt=A0LEVvWNYq1U5moAdeUPxQt.

John DiPianoComment