Tom Cruise and Katie Holmes Reach Divorce Settlement Agreement

Katie Holmes first filed for divorce from Tom Cruise on June 28 after five years of marriage together. After a few weeks of negotiations, the two have reportedly agreed on a settlement! In a joint statement the ex-to-be spouses say:

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.”

Tom and Katie agreed on divorce settlement!

Tom’s rep confirms that the settlement is “is reached and done.” Katie’s attorney, Jonathan Wolfe, also confirms the following:

This 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 in California. We thank Tom’s counsel for their professionalism and diligence that helped bring about this speedy resolution.”

And Tom’s attorney, Bert Fields, told TMZ that Tom is very “pleased” on how the settlement panned out. He says:

The Tom Cruise-Katie Holmes case has been settled with a signed agreement. Tom is really pleased we got there, and so am I.”

The essence of the settlement agreement is the following: it will ensure that Suri won’t be involved into anything Scientology related and Tom will get supervised visitation with his 6-year-old daughter. Katie allegedly has been diligently meeting with her divorce lawyers in NYC to allegedly hammer out this settlement!

It looks like from the statement that Katie got sole custody of Suri. Another source, speaking to Radar, also revealed that Suri will remain with Katie in New York, where they’re currently living, and will be accompanied by her own nanny and team of bodyguards when she visits father Tom on weekly occasions.

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