The settlement announced Friday settled Cruise's $50 million lawsuit against Bauer Media Group, publishers of Life & Style, a magazine that ran a story claiming Cruise had virtually "abandoned" his 6-year-old daughter, Suri, amid a high-profile divorce from wife Katie Holmes.
"Bauer Publishing, as well as In Touch and Life & Style magazines, never intended to communicate that Tom Cruise had cut off all ties and abandoned his daughter, Suri, and regret if anyone drew that inference from anything they published," lawyers for the two sides said in a joint statement.
The Hollywood Reporter said the litigants Friday stipulated to the dismissal of the suit by a federal judge in California. The only other detail provided was that both sides would pay their own legal costs.
The Reporter said the pre-trial maneuverings by both sides were particularly aggressive. Cruise demanded the identity of Life & Style's sources and details on its supposed bias against Scientology. Bauer wanted information on the influence the Scientology church had on the divorce and other details of the actor's private life.
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