People News Katie Holmes and Tom Cruise reach divorce settlement 07/09/2012 Katie Holmes' lawyer said the Hollywood actress and Tom Cruise, her soon-to-be ex-husband, have reached a divorce settlement. Read More RELATED NEWS Jimmy Fallon's 'The Tonight Show' dropping to only four nights a weekAshley Tisdale announces birth of her second childSelena Gomez is a billionaire TAGS: Katie Holmes Tom Cruise