People Magazine: "Britney & Kevin Reach Divorce Settlement"

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

After a five-hour session with Federline and his attorney Mark Vincent Kaplan and Spears and her representatives, “the parties signed a global settlement on all issues of their marriage and the custody of the children,” Kaplan’s spokesman Michael Sands tells PEOPLE.

The deal, worked out in the Los Angeles offices of Spears’s attorney Laura Wasser, comes just days after Spears left rehab on March 20. The terms were not revealed.

Spears and Federline wed in September 2004 in a suprise cermony 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 defending 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.

Source: People Magazine

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