UPDATE: Holmes' Libel Suit Against Star No Longer Afoot

Image via WikipediaReuters and The Hollywood Reporter's "THR, Esq." blog report today that actress Katie Holmes has settled her $50 million defamation suit against Florida-based American Media's Star Magazine (see "TUOL" post 3/2/11).

Although the financial terms of the settlement in the Los Angeles Superior Court case, Katie Holmes v. American Media, Inc. (Case No. 11-cv-01750) were undisclosed, Holmes received an apology in the May 9 edition of Star Magazine that states the supermarket tabloid "did not intend to suggest that Ms. Holmes was a drug addict or was undergoing treatment for drug addiction." As part of the resolution of the case, the publication agreed to make a sizable contribution to a charity favored by Holmes, the Dizzy Feet Foundation, which advocates for greater access to dance education and offers opportunities to underprivileged children to pursue careers as professional dancers.

Holmes sued over a Jan. 20, 2011 front-page Star story trumpeting: "Addiction Nightmare, Katie Drug Shocker!" The inside story on page 42, however, made no reference to prescription or illicit drugs, but rather, to "addictive treatments" of Scientology counseling sessions employing an "e-meter" device. Holmes is married to actor and high-profile Scientologist Tom Cruise.

The dedicated staff of "TUOL" is delighted that Holmes is not an impaired substance abuser, though it does make it that much harder to explain why she agreed to portray Jackie Kennedy in "The Kennedys" mini-series.