Lindsay Lohan's parents divorced!

Lindsay Lohan's parents, Michael and Dina, have finally settled a legal conclusion, as the pair are now legally divorced.

Terms of Dina and Michael Lohan's divorce, which will become official within 60 days, were not disclosed.

Speaking outside a New York courthouse on Friday, Michael said: "I wish Dina the best and I hope we can both move forward - for the kids' sake - and just be good parents."

Dina added: "Now the healing process can begin for my children and myself."

Supreme Court Justice Robert A. Ross reportedly told the Lohans in court: "You have both demonstrated to me extraordinarily good judgment in resolving this matter as you did."

Showbiz Spy says: Finally, Horrah!