Tom Cruise, Katie Holmes reach divorce settlement

Tom Cruise and Katie Holmes have reached an agreement in their divorce case, according to her attorney Jonathan Wolfe.

"The case has been settled and the agreement has been signed," Wolfe said in an email statement Monday.

"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, Bert Fields, also confirmed the settlement in a statement that read: "Tom is really pleased we got there and so am I."

Representatives for Holmes and Cruise declined to elaborate on terms of the agreement.

The couple has a six-year-old daughter, Suri.

Earlier in the day, publicists released a joint statement from the couple that said: "We are committed to working together as parents to accomplishing 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."

Holmesfiled for divorce less than two weeks ago, putting an end to the romance that began in 2005.

The high-profile Hollywood split has played out in the celebrity news media, where Holmes has been portrayed with overwhelmingly more sympathy. Whether true or not, the narrative that's emerged is of a locked-away Holmes breaking free from the servitude of a strange, corrupting marriage.

The next step would be for Holmes or Cruise to file to have their status changed to divorced, but that the actual financial and child custody details won't get filed in court unless there's some later dispute, experts say.

The rapid settlement saves the couple from a public battle that was sure to be covered vigorously by the celebrity news media.