Tom Cruise-Katie Holmes Divorce: SETTLED!

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Tom Cruise and Katie Holmes have already settled their divorce out of court, according to reports, heading off a potentially costly and public battle.

Katie's lawyer, Jonathan Wolfe, told TMZ just moments ago that it's a done deal: "This case has been settled and the agreement has been signed."

"We are absolutely thrilled for Katie and her family and we are excited to watch as she embarks on the next chapter of her life."

Tom Cruise and Katie Holmes Picture

Wolfe added, "We thank Tom and his counsel for their professionalism and diligence that helped bring about this speedy, amicable resolution."

Tom's lawyer, Bert Fields, also adds, "The case has been settled with a signed agreement ... Tom is really pleased we got there, and so am I."

In the last few days lawyers for both sides began quietly negotiating a legal settlement and trying to end what began as a bitter divorce war.

The one condition Tom had for settling out of court was "meaningful, significant" contact with daughter Suri, now 6; presumably he got it.

What that means in terms of legal custody is unclear. Katie filed for sole custody when she blindsided Tom with divorce papers in late June.

The couple had a prenup, so Katie's financial share was likely established before the lawyers even got together; Suri was the focal point here.

More details to follow when they become available, but we're happy for all. Even if the marriage didn't work out, the split could've been worse.

[Photo: Fame/Flynet]

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i'm glad katie divorced tom,I felt from the start that it wouldn't last because I fell Cruise is a controller, thats why he marries younger women. as for the church, don't know much about it, but it seems they have some control over their followers. The poeple should be following god not the church.Katie is young and pretty, shouldn't have any trouble finding a new guy!

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Poor suri! Poor Katie!

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Tom settled quickly so Katie would keep all of his gay secrets.

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GLAD THEY SETTLED SO FAST NW THEY CN GT ON WITH THERE LIFES FOR THE SAKE OF THERE CHILD KATIE IS SUCH A STRONG SMART WOMEN GOD BLESS HER AND HER BEAUITFUL DAUGHTER

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So happy that this is over so quickly. Scientology brought them together and it finally tore them apart. Katie was chosen by that organizaton for Tom when they were looking for a girlfriend for him. They interviewed her first then deemed her appropriate for him to contact her. Crazy but true...

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Don't care what the media says - my hearth is broken for Tom Cruise. Now not only is Nicole and her husband celebrating, but Katie Holmes and her crew. What has the man done? http://su.pr/6DPbEQ

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this is so crazy did not Katie or Nicole know that Tom Cruise was a Scientologist!!!!!? Before they married? If indeed that is the primary reason for the split. Jes le weeze come on.

Ken1

Oh yeah, like The "Church" would let this go anywhere near the public record of an open court. Swift Justice and complete silence for the "church" founded by a failed science fiction writer who found massive profit in a "church" for the weak of mind and TAX FREE STATUS.

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So how much did she have to pay him? Seriously. I do not agree with his religion... but he's not a freak. He's one of the biggest movie stars ever.... who has entertained all of you at some point. She knew about his religion when she said I do. Period, plain and simple. Game over. He made himself look silly expressing his love for her... remember? Quit bashing.

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Kate wanted out -- Shes out.
She got what she wanted, there.
Tom will not let her have
"full custody" of their daughter.
Thats his daughter too.
Kate should stop being so selfish.