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Tom Cruise and Katie Homes reach settlement in Divorce case

July 9, 2012 - New York

Tom Cruise and Katie Holmes have finally arrived at a settlement. In less than two weeks after Katie filed for divorce from the Hollywood superstar, the couple has agreed that their daughter Suri should live primarily with her mother in New York.

According to People magazine, Tom Cruise will have generous visitation rights. Katie Holmes' lawyer Jonathan Wolfe said that the case has been settled and they have arrived at an agreement that has been signed. Wolfe thanked Tom's counsel for their professionalism while dealing with the settlement and said that their diligence has helped them arrive at a speedy resolution. Tom Cruise's attorney Bert Fields also released a statement confirming the settlement. He said that Tom is pleased that they arrived at a consensus. The divorce is thus amicably settled and the terms of the settlement are confidential.

A joint statement by 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."

Here's what is known from the settlement:

  • Katie Holmes will have primary physical custody of Suri Cruise
  • Tom Cruise will have significant custodial time with his daughter.
  • Religion is one topics mentioned in the custodial provisions of the agreement
  • There are certain restrictions on the religion topics that can be discussed by both Tom and Katie with their daughter Suri. The restrictions would ease once Suri grows.

Since the settlement is reached and the agreement is signed, the next step in the process is to get the status of Tom and Katie changed to 'divorced'.

Tom Cruise just turned 50 and Katie Holmes is 33. Katie filed for a divorce after six years of their marriage. The settlement is one of the quickest divorces in Hollywood. The divorce case gained worldwide interest as both Tom Cruise and Katie Holmes are one of most popular Hollywood stars. Tom Cruise proposed to Katie on the Eiffel Tower in Paris. They were married at a castle in Bracciano, Italy in November 2006.

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