Entertainment

Katie Holmes and Tom Cruise Quickly Reach Divorce Settlement

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It looks as though Tom Cruise and Katie Holmes have reached a settlement since Katie filed for divorce on June 29.

As reported via People Katie's attorney Jonathan Wolfe confirmed 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."

Reps for Katie and Tom released this 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."

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We will keep you posted on any new developments...