Tom Cruise drops defamation lawsuit after reaching settlement

Hollywood star Tom Cruise has avoided going to trial with magazine bosses after reaching a settlement over his USD 50 million defamation lawsuit.
The 51-year-old 'Mission: Impossible' star launched legal action against owners at Bauer Media Group in November over the magazines' 2012 suggestions that he had "abandoned" his daughter Suri following his divorce from actress Katie Holmes last year, the Hollywood Reporter said.
At the time of the filing, his attorney Bert Fields said, "Tom doesn't go around suing people. He's not a litigious guy. But when these sleaze peddlers try to make money with disgusting lies about his relationship with his child, you bet he's going to sue."

Cruise's lengthy deposition made waves as personal details about his private life were revealed, including his admission that his devotion to Scientology had been "one of" the reasons behind his split from Holmes.
The case was set to go to trial, but Cruise has since managed to resolve the dispute and papers for a lawsuit dismissal were filed in California federal court.
The terms of the settlement are confidential, although each party will be responsible for its own legal costs.