Monday, July 9, 2012

Cruise and Holmes reach divorce deal

Katie Holmes and Tom Cruise  
The couple were married for five and half years
Tom Cruise and Katie Holmes have reached an agreement to settle their divorce, representatives of both film stars have confirmed.
"The case has been settled and the agreement has been signed," Holmes' lawyer Jonathan Wolfe said in a statement to People magazine.
"We are thrilled for Katie and her family," he added.
A spokeswoman for Cruise confirmed the settlement in an email to Reuters: "It is done."
In a joint statement released earlier on Monday, the pair said they were "working together" to settle custody of their daughter Suri, six.

Analysis

The settlement all happened very quickly. A privacy-loving star like Tom Cruise doesn't want the details of his private life dragged out in the courtroom, where there are very few reporting restrictions. He was always going to be interested in a very quick settlement and this avoids the couple washing their dirty linen in public.
But Katie Holmes is pretty shrewd. Her parents are both lawyers and she was well advised. She lawyered up quickly, with some of the best in the business. If you're going to take on a showbusiness titan like Tom Cruise, you need excellent representation.
In the end, it seems to have been a war over the couple's daughter. The lawyers were, quite unusually, negotiating over the weekend - but it appears to have been Suri, rather than cash, that was uppermost in the negotiations.
"We are committed to working together as parents to accomplish what is in our daughter Suri's best interests," the statement read.
"We want to keep matters affecting our family private and express our respect for each other's commitment to our respective beliefs and support each other's roles as parents."
It was revealed last month that Holmes, 33, was filing for divorce.
At the time, a spokesman for Cruise told the BBC: "Kate has filed for divorce and Tom is deeply saddened and is concentrating on his three children. Please allow them their privacy."
It was Holmes's first marriage and Cruise's third.

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