"The case has been settled and the agreement has been signed," Holmes' lawyer, Jonathan Wolfe, said in an email statement today. "We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life."
He added, "We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."
Publicists for Cruise and Holmes released a joint statement earlier today from the couple, saying, "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."
Holmes, 33, filed for divorce from Cruise, 50, June 28 after nearly six years of marriage. They have one daughter together, Suri, 6.