Oil tycoon Harold Hamm and his now ex-wife, Sue Ann Arnall – whose divorce we have written about before – were involved in one of the largest and nastiest divorces in US history. Just last week, Mr. Hamm sent Ms. Arnall a personal check for $975 million in full payment of the cash award she
How to Dissolve a Business
Anita Deal and Ivana Bie formed their commercial real estate business Dirt Cheap, LLC several years ago. Through 2007 it was wildly successful. Then the bottom fell out. Their friendship, tenacity and cash reserves are waning. Ivana believes that the market has turned and that now is the greatest real estate buying opportunity of all
Limits on Gifts to Teachers and other Public Servants
Dana Plato is a 6th grade student at a public school in south Texas. Plato’s favorite teacher is Mr. Socrates, who teaches world geography. Unfortunately, world geography is Plato’s worst subject. In fact, Plato is dangerously close to failing the course. Whether or not she passes is dependent upon how she scores on the final
What to do when a Client Files for Bankruptcy
Much of the corn that Ethan Awl raises is sold to Beau Plymouth for Beau’s company Plymouth’s Pride to feed its turkeys. Ethan’s payment terms are net 30 days. As the economy worsened and alternative fuels gobbled up corn supplies dramatically increasing feed costs, Plymouth’s formerly prompt payments from Beau are well beyond 30 days