Reps for KATIE HOLMES & TOM CRUISE confirm divorce settlement has been reached.
Katie’s attorney Jonathon Wolfe with whom she had been huddling all weekend stated to media, "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.
"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 inCalifornia.
"We thank Tom’s counsel for their professionalism and diligence that helped bring about this speedy resolution."
Details have yet to be divulged but reps for both Holmes and Cruise issued a joint statement:
"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.”
Cruise, 50, and Holmes, 33, were said to be working on a deal that would allow Suri to remain in New York with her mom while Tom is allowed generous visitation rights.
