The couple and their young daughter, Suri, seemed like the happy family until they surprised the world late last month when Holmes filed for a divorce in New York. Her move surprised fans and even Cruise, who was in Iceland shooting a movie.

Since then, the media have speculated that the pair differed on raising 6-year-old Suri as a Scientologist, although neither they nor their attorneys would comment on the matter.

“The 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,” Holmes attorney Jonathan Wolfe of New Jersey-based firm Skoloff & Wolfe said in a statement.

Cruise lawyer Bert Fields also released a statement saying, “Tom is really pleased we got there, and so am I.” But there was no direct comment from either of the stars. Instead, they issued a joint statement ahead of the announcement. “We are committed to working together as parents to accomplishing what is in our daughter Suri’s best interests,” the pair said in the statement. “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.”

As reports surfaced on Monday with purported details of the custody agreement, lawyer Wolfe released a new statement saying the deal was being kept under wraps. “There are numerous inaccuracies in the reports regarding the purported contents of the agreement reached between the parties. The agreement is confidential and its terms will not be disclosed,” Wolfe said.

Cases that are as complex as Cruse and Holmes normally don’t settle quickly.  That is evident by Kardashian and Humphries’ divorce lasting longer than the marriage itself.  This is due to the number of variables from finances, to family planning, to custody that go into a divorce of a six year marriage.  However, some have speculated that concern for how a messy divorce could reflect upon the Church of Scientology played a role in the speed of the settlement.  More than likely, it boils down to the fact that no party benefits from a long and messy divorce.