Friday, March 30, 2007

Britney and Kevin Reach Divorce Settlement

People.com: Britney Spears and Kevin Federline reached a divorce settlement Thursday, PEOPLE has learned.

"The parties signed a global settlement on all issues of their marriage and the custody of the children," Michael Sands, a spokesman for Federline's attorney Mark Vincent Kaplan, tells PEOPLE.

The deal was worked out in five-hour meeting in the Los Angeles high-rise offices of Spears's attorney. At the table were Spears and Federline, along with Spears's lawyer Laura Wasser and Federline's counsel Kaplan and Jim Simon. During a smoking break downstairs, Spears met with Federline for 15 minutes.

The terms were not revealed. A judge will still have to sign off on the agreement. The deal comes just days after Spears left rehab on March 20.

Spears and Federline wed in September 2004 in a surprise ceremony and soon settled into a Malibu mansion. The couple had two sons, Sean Preston in September 2005 and Jayden James almost a exactly a year later. Not long after their second son was born, trouble signs appeared in their marriage, with Spears missing many of Federline's promotional appearances for his poorly received hip-hop album Playing With Fire. Spears filed for divorce on Nov. 7, 2006, citing irreconcilable differences.

In a temporary agreement, Spears had custody of the boys with three days of visitation for Federline. Britney began months of hard-partying in New York, Miami, Las Vegas and Los Angeles, hooking up for a time with Paris Hilton. Spears initially defended her partying as long-overdue fun, but by January, her manager acknowledged she was having a rocky moment. After a wild weekend in which she shaved her head, Spears entered rehab at Promises in Malibu, where she stayed for about four weeks. Federline, who watched the boys during her treatment, declined to return custody to Spears until he was satisfied with her follow-through to rehab, a source says.

From tmz.com:

Sources say that under the terms, K-Fed will walk away with around $1 million. As for their two kids, we're told Britney and Kevin will have joint custody, sharing physical custody 50/50. The divorce will be final, with a judge's signature, very soon.

In the past, when Laura Wasser, Britney's lawyer, has settled a high-profile divorce, the parties file a "skeletal judgment," which mean the specific terms will be omitted from the public documents.

From eonline.com:

The terms of the settlement remain under wraps, but sources close to the situation told E! that a TMZ.com report stating Federline walked away with $1 million and joint physical custody of the kids is not accurate.

13 comments:

Anonymous said...

Damn Britney got some good ass lawyers on her side. Just $1 million? It looks like she bitched slapped all of her pathetic haters, who thought Kevin was going to hit the jackpot, and get primary custody of the kids.

Anonymous said...

He did not get 1 million bucks.He will get 7 million for their houses.I just feel for those boys.She a horrible mom to them .She already out partying.

Anonymous said...

She wasn't partying, you fucking retard. She went out to dinner with her cousin Alli. And the malibu home hasn't even been mentioned. As far as I know, and unless Britney sells the house, K-Fake won't be getting anything out of it.

7 million my ass.

Daisy said...

^According to some reports they will get half each for the house.

Anonymous said...

TMZ didn't mention anything about the mansion. And why should Kevin get half for that house? We all know Brit bought, and most likely purchased EVERYTHING in it. She should tell the judge that the mansion is her home.

Anonymous said...

And what in hell did KFraud ever do to merit a $7 million pay day? Let alone a $1 million pay day.

He is the bitch in the relationship. Britney wore the pants, and then KFraud threatened with the kids. He acted like a little suburban bitch.

Anonymous said...

^ I agree 100%. Britney definitely wore the pants. No judge in his right mind would award K-Fake with 7 million dollars. He shouldn't even be getting 1 million. This selfish fool better be thankful for the pennies he's receiving.

Anonymous said...

why should'nt he get 1 millionshe the horrible mom have prove to be over and over a again.Kevin will have the last laugh i said it when she file for divorce and it was true .she have prove her self to be a horrible mother to those boys from the get go.I could care less of these 2 i just feel for the boys.No judge in the ight mind will give her those kids .She is mentally insane and incable of caring for herself let alone another homan being.Kevin is getting more than a million he not stupid.He was right to use her for every panny she was worth when he was with her.Do u blame him.He did well to stay long with that crazy women.She is mentally insane he the only sane parent those boys have.The britney story have not yet ended. It going to be a sad story whe it end. If she do not have changed her ways she will be the next Ans. You Guys and agree with me or course me if u want at the end of the day it all about those boys having a loving mother that spears will never be able to provide for them.

Anonymous said...

^ Why don't you go take some spelling, and grammar classes before you go dissing Brit. It seems to me that she will be getting the last laugh. Brit has some excellent lawyers on her side, and there is no way in hell they will let Kevin get past the iron clad prenup. And stop fucking calling Britney a horrible mother. You don't know her personally. You are just judging by her recent antics. I've never from this day called Kevin a horrible father. I believe both are good parents.

Anonymous said...

To 2:05

If she's that crazy then why would Kevin agree to share custody with her? Oh i forgot, money made him do all that.

Anonymous said...

^ Exactly. Thank you. As long as he gets his millions, Brit can have custody of the kids. What a smart bastard.

Anonymous said...

Smart? He's a welfare whore who goes around knocking up bitches in hopes of making money. He tried that with Shar, and when her career stalled, he went after Britney. Same tactic, knock up the bitch and try to set yourself up for life.

Anonymous said...

Just wanted to point out that according to "sources" who've read the prenup and thus stated about the gag clause and the 300,000 per two years are also saying he doesn't get 50% of the house. According to them he can only get maximum 20%.

By the way, e-online got it's info from USweekly, who are more often wrong than right. TMZ usually gets within the ballpark and at least provides documented proof when it becomes available. He will likely get more than 1 mil, but less than 5.