A-list actor Tom Cruise has settled a $50 million defamation lawsuit out of court, according to CNN. He filed the suit against Bauer Publishing, InTouch and Life & Style magazines last year after the tabloids claimed Cruise had “abandoned” his daughter.

In an e-mail to CNN, Lindsay Ferraro, public relations director for both tabloids, said that the “terms of the settlement were not disclosed and remain confidential.”

On July 18, 2012, Life & Style’s cover headline read, “Suri in tears, abandoned by her dad.” The September 2012 issue of InTouch ran the cover story, “44 DAYS WITHOUT TOM … ABANDONED BY DADDY … Suri is left heartbroken as Tom suddenly shuts her out and even misses her first day of school… HAS HE CHOSEN SCIENTOLOGY OVER SURI FOR GOOD?”

Cruise categorically denied both claims. In a sworn affidavit he characterized the headlines as “patently false.” The affidavit was filed last month in federal court. Cruise continued, “I have in no way cut Suri out of my life — whether physically, emotionally, financially or otherwise.”

In a statement, the publishers affirm that both magazines stand behind their initial headlines, yet Ferraro lamented if the magazines headlines were misconstrued by readers. In the same email, Ferraro notes that neither Bauer Publishing nor the tabloids “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.”

The suit was dismissed Friday, with both parties agreeing to pay their respective legal fees.