Tom Cruise, Katie Holmes Reach Divorce Agreement
The couple have decided to settle out-of-court...
The former couple come to a conclusion just two weeks after confirming their five-year marriage had come to an end, with Holmes' lawyer Jonathan Wolfe stating yesterday (9th July) that they have reached a "speedy resolution" over Cruise's rumoured £180million fortune.
Wolfe said in a statement: "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.
"We thank Tom's counsel for their professionalism and diligence that helped bring this speedy resolution."
On behalf of the Top Gun actor, Tom's long-time lawyer Bert Fields also commented: "The Tom Cruise-Katie Holmes case has been settled with a signed agreement. Tom is really pleased we got there, and so am I."
Before announcing they had come to an agreement, the couple released their first joint statement - where they declared that they only had six-year old daughter Suri's best interests in mind.
They stated: "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."
Following news of their out-of-court settlement, there is still no official word over whether the ex-Dawson's Creek star will receive any of Tom's huge bank balance - although The Sun has reported she could get £10million - or if she will be granted full custody of Suri.
Cruise is thought to have insisted that the settlement provided "meaningful, significant and contact" with Suri, with a source telling TMZ: "She is the primary concern in his life."
Holmes' lawyer has since addressed the custody reports after People claimed that Cruise will get "generous visitations" with his daughter as part of the agreement.
Wolfe told E! News: "There are numerous inaccuracies in the reports regarding the purported contents of the agreement reached between the parties. The agreement is confidential and its terms will not be disclosed."