Tom Cruise, Katie Holmes DIVORCE SETTLED!

7/9/2012 9:51 AM PDT UPDATED: 7/9/2012 10:48 AM PDT BY TMZ STAFF
Exclusive Details

10:44 AM PST: 
Tom's longtime lawyer, Bert Fields, just told TMZ, "The Tom Cruise-Katie Holmes case has been settled with a signed agreement. Tom is really pleased we got there, and so am I."

Tom Cruise
and Katie Holmes have SETTLED their divorce ... this according to Katie's lawyer.

Jonathan Wolfe tells TMZ, "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."

TMZ reported in the last few days lawyers for both sides were in a marathon negotiation -- trying to end what began as a divorce war.

As we reported, one condition Tom had for settling was "meaningful, significant" contact with Suri.

Wolfe added, "We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."