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That was fast! Tom Cruise, Katie Holmes settle

NEED TO KNOW
  • Katie Holmes' attorney says a settlement has been reached
  • Holmes' attorney: 'We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life.'
  • Cruise's attorney confirms the divorce agreement has been settled and signed
That was fast! Tom Cruise, Katie Holmes settle

Calling it quits! Katie Holmes and Tom Cruise divorcing

Calling it quits! Katie Holmes and Tom Cruise divorcing

After rampant rumors have been flying surrounding the divorce of Tom Cruise and Katie Holmes, Holmes' attorney Jonathan Wolfe tells HLN that a settlement has been reached.

"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." Wolfe adds, "We thank Tom’s counsel for their professionalism and diligence that helped bring about this speedy resolution.”  

Cruise's attorney Bert Fields also confirms the couple has settled telling HLN, “The Tom Cruise–Katie Holmes case has been settled with a signed agreement. Tom is really pleased we got there, and so am I.”

Since filing for divorce on June 29, Holmes and Cruise have been a part of a firestorm of reports involving the custody of their 6-year-old daughter Suri. Just before Holmes' attorney released the statement that the case had been settled, Holmes and Cruise both released a joint statement saying they are dedicated to working together for their daughter despite the split. The actors 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."

While details of the settlement have not yet been released, Us Magazine previously reported that Holmes was interested in keeping full custody of their 6-year-old daughter Suri and continuing to live in New York City with her. “The Kennedys” actress has recently been seen out and about in New York with Suri and moving into a new apartment while appearing to be unfazed by the explosion of attention.

In an ironic case of life imitating art, People Magazine is also reporting that Holmes is also set to return to work next week on a new movie “Molly,” which is based on a single mom and her daughter. Holmes co-wrote and is set to co-produce this new film.

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