K-Fed to Retain Custody of Sean Preston, Jayden James

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In a new development, Britney Spears has ended her battle to win custody of her children, Sean Preston and Jayden James, from Kevin Federline.

K-Fed's attorney Mark Vincent Kaplan says both he and Britney Spears reached and signed off on a settlement in their custody case last night.

Kaplan tells OK! Magazine, the leader in accurate celebrity news:

"At about 8 p.m., a final settlement in the Kevin Federline / Britney Spears custody case was signed. All parties have agreed to the following: Kevin will retain sole legal and physical custody of Sean Preston and Jayden James. Britney will continue to have visitation rights which may increase over time. The agreement will be presented to the court in the morning for approval by the commissioner."

Britney Spears and Kevin Federline in the good ol' daze.

Well, that settles that. Kaplan added that "Kevin is ecstatic and the boys are thriving." That means not getting dropped on the sidewalk.

Britney, who remains under the legal conservatorship of her father, Jamie Spears, lost custody of Sean Preston and Jayden James last October.

At the time, she had visitation rights, but they were severely restricted after January meltdowns, hospitalizations and psychiatric evaluations.

She has monitored visitation with Sean and Jayden once a week and one overnight. Recently, Lynne Spears joined her for one of those.

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Britney Spears Biography

Check Please!
Wow. Britney Spears is ... just.... OMG. Wow. Just wow. With this girl, that's about all we can say at this point. Once the biggest... More »
Kentwood, Louisiana
Full Name
Britney Jean Spears

Britney Spears Quotes

I miss it here so much! I love it so much! It makes me it's kinda like bittersweet coming here because I used to live here for two years. And when I come here, it's like, man, I wish I had my apartment here still.

Britney Spears [on New York City]

MTV has long played an important role in my career. How can I not be there to kick off their 25th VMAs?

Britney Spears