Tom Cruise and Katie Holmes Have Reached Divorce Settlement, Per Holmes Lawyer

TMZ reports that Katie Holmes and Tom Cruise have already settled their divorce–precluding a time-consuming, secret-exposing, and tremendously fun court battle! The site notes that a particular Cruise condition had been contact with daughter Suri, a sticking point as Ms. Holmes had filed for joint custody. But it seems both parents will be buying Suri ice cream and child-sized Louboutins into the future! Ms. Holmes’s lawyer Jonathan Wolfe announced today: “This case has been settled and the agreement has been signed.  We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life.”

Given that we can’t watch the trial, we guess we’re excited about Katie’s next chapter too–her Oscar speech in 2014 will be terrific!