Is announcement of Cox-Arquette split because of Jasmine Waltz?

The just-announced trial separation of David Arquette and Courteney Cox, who met on the set of Scream 11 years ago and have a daughter named Coco together, may have been announced due to the pending release of pics of Arquette with Hollywood hanger-on Jasmine Waltz, according to several gossip sources.

In a carefully worded joint statement, the pair cited several amorphous reasons for the split, which has been in the process of occurring for months:

“The reason for this separation is to better understand ourselves and the qualities we need in a partner and for our marriage… we remain best friends and responsible parents to our daughter and we still love each other deeply.”

However, an ‘insider’ told Life Style magazine that “Jasmine and David have been hooking up recently,” and the ‘former cocktail waitress’ has a history with famous men- TMZ has linked her with Ryan Seacrest, Chris Pine and Jesse McCartney. Waltz has also made gossip headlines when she punched Lindsay Lohan in the face during an outing last July.