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Britney Spears and Kevin Federline Reach Divorce Settlement

Olivia

30th March 2007

Britney Spears and Kevin Federline, who married in September 2004 before Britney filed for divorce last November, agreed the deal during a five-hour meeting in Los Angeles yesterday.

Kevin Federline is said to be receiving a $1 million payment, with the couple sharing custody of their two sons, 18-month-old Sean Preston and Jayden James, six months.

A spokesman for Kevin Federlins's attorney said:

The parties signed a global agreement on all issues of their marriage and custody of their children.

He refused to elaborate on the terms of the settlement, but revealed they had reached an agreement on financial matters.

A judge must approve the agreement before the divorce is finalised.

The meeting took place in Britney Spears's attorney Laura Wasser's office in California's Century City.