Cruise Drops $100M Suit

Tom Cruise has dropped a $100 million lawsuit after a publisher retracted his claim of possessing an X-rated videotape showing the Hollywood superstar engaged in homosexual acts.

"No such videotape exists, or has ever existed or could ever exist," the actor had claimed. 

Cruise had filed suit against publisher Michael Davis, who claimed he received a video from Germany that showed the star engaged in gay sex. 

But according to the settlement, approved by Los Angeles Superior Court Judge Emilie Elias, Davis' claim was completely untrue. 

"Tom Cruise does not appear on the videotape . . . [He] is not, and never has been, homosexual and has never had a homosexual affair," the settlement said. 

Cruise's lawyer Bert Fields said: 

"The story was false. He's not gay, and the judge ruled so." 

Fields added that the actor was a "great believer in everybody's freedom to choose his own sexual preference." 

Davis' lawyer Edward Pilot said his client was happy with the settlement. 

"[He] was sued for $100 million. He ended up not having to pay Cruise even a single dollar. So, we're extraordinarily pleased with the outcome," Pilot said. 

Davis, who publishes Bold magazine, had offered a $500,000 reward to anyone who could provide evidence that Cruise was gay. 

Bold, which is based in Los Angeles, specializes in splashy entertainment and political stories.