Cruise, Holmes Reach A Settlement In Divorce Case - NewsChannel5.com | Nashville News, Weather & Sports

Cruise, Holmes Reach A Settlement In Divorce Case

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(AP Photo/FILE) (AP Photo/FILE)

NEW YORK (AP) - No details are being released on the divorce settlement that's been announced between Tom Cruise and Katie Holmes.

But a lawyer who has handled bi-coastal divorce settlements said the quick settlement suggests that they'll share parenting responsibilities for 6-year-old daughter Suri. Attorney Steve Mindel said the next step would be for Holmes or Cruise to file to have their status changed to divorced -- but the actual financial and child custody details won't get filed in court unless there's some later dispute.

Representatives from both sides announced Monday that the pair had reached a settlement, less than two weeks after Holmes unexpectedly filed for divorce. The resolution was a quick one, by Hollywood standards. By way of comparison, Kris Humphries and Kim Kardashian are still negotiating a divorce for a marriage a year ago that lasted less than three months.

In a joint statement, Cruise and Holmes asked for privacy, and said they want to work together for what's in Suri's best interests.

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

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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