Celebrity News

Katie Holmes and Tom Cruise Settle Divorce: New Details

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Jul 09, 2012 | 9:57am EDT

ALTWell, that was fast. Almost two weeks after Katie Holmes filed for divorce from Tom Cruise, the A-list exes reached a settlement, avoiding a drawn-out case that would invite plenty of headlines. Holmes' attorney Jonathan W. Wolfe released this statement to Hollywood.com relaying the news: “The case has been settled and the agreement has been signed."

"We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life," the attorney continues. "This result could not have been achieved without the hard work of my partner Gary Skoloff and our co-counsel Allan Mayefsky, Michael Mosberg and Larry Trachtenberg of Aronson Mayefsky and Sloan and Peter Walzer and Chris Melcher of Walzer & Melcher in California."

While the terms of the settlement have not been disclosed, it seems Cruise's camp hardly put up a fight. "We thank Tom’s counsel for their professionalism and diligence that helped bring about this speedy resolution," Holmes' attorney says.

Holmes and Cruise's reps also released a statement to People on behalf of their clients: "We are committed to working together as parents to accomplish what is in our daughter Suri's best interests. We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."

More:

Will Tom Cruise and Katie Holmes' Divorce Be a Public Battle?

Katie Holmes: Divorce Talk Before Even Filing The Papers

Tom Cruise and Katie Holmes Are Getting a Divorce

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