Tom Cruise and Katie Holmes have settled their split, explaining the news in a just-released statement to ET.
"The case has been settled and the agreement has been signed," says a statement from Katie's lawyer, Jonathan Wolfe, who called the agreement "confidential," revealing that "its terms will not be disclosed." Wolfe continued, "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."