Hamm won't have to give up Continental stake in divorce

Harold Hamm
Michael S. Williamson | The Washington Post | Getty Images
Harold Hamm

Billionaire Harold Hamm will not have to give up his controlling stake in Continental Resources as part of a divorce settlement with his wife, Sue Ann, a judge presiding over the case said, according to Forbes.

The 122 million shares of Continental that Hamm owned prior to his marriage are considered "pre-marital" assets that will not be divided.

The divorce case, which became public last year, had shareholders of Continental concerned about the future of the oil company.

"The shareholders should take comfort in the fact that there is not going to be a disturbance in the management of the company going forward," Hamm told Forbes.

Read full story here.

By CNBC.com

Contact U.S. News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video