Tom Cruise and Katie Holmes have reached a divorce settlement, so instead of the showy court battle we thought we'd see, this wasn't one of them. Holmes' attorney Jonathan 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. 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."
In a joint statement, Tom and Katie said:
"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."
So what's the details of the settlement? According to People:
Sources close to both sides say that Cruise, 50, and Holmes, 33, were working on an arrangement in which Suri lives in New York with her mother and her father is given generous visitation rights.
We like the term "generous visitation rights", except taking her to Scientology centers to get zapped perhaps.