Tom Cruise has settled a $50 million lawsuit against ‘Life & Style’ publisher, the Hollywood Reporter confirms. The parties stipulated to drop the lawsuit in a California federal court on Friday, Dec. 20. No other details were revealed except that each side will bear its own legal costs.
Cruise, 51, initially sued Bauer Media Group back in October 2012 over a story in one of its magazines, Life & Style, that the actor had “abandoned” his 7-year-old daughter, Suri.
The claim arose in June 2012 after Cruise and Katie Holmes, 35, famously ended their five-year marriage. During the one-year court battle, the Oblivion actor asked for details about the publication’s sources.
However, the dispute has now come to an end with a joint statement from attorneys for Cruise and Bauer, that reads:
“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.”