Tom Cruise Settles $50 Million Lawsuit

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Tom Cruise Settles $50 Million Lawsuit

Tom Cruise's lawsuit against Bauer Publishing, In Touch and Life & Style magazines has been settled, ET has learned.

Cruise went after Bauer Media Group last year in response to a cover story that seemed to claim he spent weeks without any contact with his daughter Suri after his split from Katie Holmes.

Bert Fields, Cruise's lawyer, denied the claims, insisting that the actor spoke to his daughter nearly every day while on set abroad.

While the terms of the settlement were not disclosed and remain confidential, Bauer Publishing has released an apology stating that the company "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."

Court documents dated today note that the case is hereby dismissed with prejudice, meaning that Cruise can't re-file.