Tom Cruise settles major lawsuit - FOX 10 News | myfoxphoenix.com

Tom Cruise settles major lawsuit

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Katie Holmes, right, and Tom Cruise arrive at the premiere of "The Kennedys" at The Academy of Motion Pictures Arts and Sciences in Beverly Hills, Calif. Katie Holmes, right, and Tom Cruise arrive at the premiere of "The Kennedys" at The Academy of Motion Pictures Arts and Sciences in Beverly Hills, Calif.
NEW YORK (MYFOXNY) -

The war is over.

Tom Cruise has settled his epic $50 million libel suit against a magazine publisher that accused him of abandoning his daughter Suri .

Part of the settlement included a carefully-worded apology.

The terms of the settlement are sealed. Each side will pay its own legal fees.

Part of the deal was that the defendants issue the following statement: "Bauer Publishing, 'In Touch' and 'Life and Style' 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."

Cruise sued Bauer Media Group last year over a cover story that appeared in Life & Style magazine claiming he had 'abandoned' his then 6 year-old daughter Suri in the wake of his divorce from Katie Holmes.

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