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Tom Cruise and Katie Holmes Reach Divorce Settlement

Date July 09, 2012

Katie Holmes and Tom Cruise

Tom Cruise and Katie Holmes have reached a divorce settlement.

"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," Holmes' lawyer said in a statement Monday. "We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."

Report: Tom Cruise and Katie Holmes taking settlement

Details of the settlement were not released, but Holmes had reportedly requested sole custody of their 6-year-old daughter Suri. She and Suri recently moved into a new apartment in New York City.

The settlement came shortly after the pair released a joint statement saying that they were working together with Suri's best interests in mind. "We are committed to working together as parents to accomplish what is in our daughter Suri's best interests," the statement read. "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."

Holmes, 33, filed for divorce from Cruise, 50, on June 28 after five years of marriage.

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