Tom Cruise, Katie Holmes Keeping Divorce Deal Strictly Confidential
07/09/2012 AT 07:00 PM EDT
"There are numerous inaccuracies in the reports regarding the purported contents of the agreement reached between the parties," says attorney Jonathan Wolfe. "The agreement is confidential and its terms will not be disclosed."
Holmes, 33, and Cruise, 50, announced on Monday morning that both sides had settled the divorce action just days after the actress filed papers.