Katie Holmes and Tom Cruise Release Joint Statement

Update: Katie Holmes and Tom Cruise have agreed on a divorce settlement. According to Katie's lawyer Jonathan Wolfe, "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."

Katie Holmes filed for divorce from Tom Cruise over a week ago, but today Tom and Katie released a joint statement asking for privacy while they continue to negotiate custody over daughter Suri. Tom and Katie said, "We are committed to working together as parents to accomplish 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."

Katie and Suri were back to their normal routine this morning with a visit to NYC's Children's Museum of the Arts. The girls have kept busy in recent days with trips to Whole Foods and gymnastics classes while Katie and Tom's team of lawyers work to swiftly negotiate their custody agreement.