NEW YORK  -- No details are being released on the divorce settlement that's been announced between Tom Cruise and Katie Holmes.

But a lawyer who has handled bi-coastal divorce settlements says the quick settlement suggests that they'll share parenting responsibilities for 6-year-old daughter Suri. Attorney Steve Mindel says the next step would be for Holmes or Cruise to file to have their status changed to divorced -- but the actual financial and child custody details won't get filed in court unless there's some later dispute.

Representatives from both sides announced today that the pair had reached a settlement, less than two weeks after Holmes unexpectedly filed for divorce. The resolution was a quick one, by Hollywood standards. By way of comparison, Kris Humphries and Kim Kardashian are still negotiating a divorce for a marriage a year ago that lasted less than three months.

In a joint statement, Cruise and Holmes asked for privacy, and said they want to work together for what's in Suri's best interests.

The Associated Press