Friday, March 30, 2007


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 smoke break downstairs, Spears talked with Federline for 15 minutes, Sands said.

The terms were not revealed. A judge will still have to sign off on the agreement.(SOURCE PEOPLE.COM)

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