Celebrity former couple Tom Cruise and Katie Holmes announced they have reached an out-of-court divorce settlement. Katie Holmes confirmed two weeks ago that their five-year marriage had come to an end. Katie’s lawyer Jonathan Wolfe stated yesterday that his client had reached a “speedy resolution” over Cruise’s £180 million fortune. Wolfe said, “The case has been settled and the agreement has been signed. We are thrilled for Katie and her…

Katie Holmes wants a divorce with Tom Cruise, as she filed the papers in New York on Thursday asking for custody of her six-year-old daughter Suri. Tom Cruise has exclaimed he is “deeply saddened” at Katie’s decision to be separated. The couple filed their marriage certificate in California in 2006. Katie is alleged to have decided on the divorce and therefore arranged for it weeks back. New York Post reported,…