Home Of Latham Watkins, Madoff Offices Files Ch. 11

Law360, New York (November 16, 2010, 4:47 PM EST) -- The owner of Manhattan's famous Lipstick Building — from which Bernard Madoff once ran his Ponzi scheme, and where Latham & Watkins LLP makes its New York home — has filed a prepackaged bankruptcy that will let it reduce a $210 million loan it owes to Royal Bank of Canada after the bank tried to foreclose on the property in June.

Metropolitan 885 Third Avenue Leasehold LLC filed a voluntary Chapter 11 petition on Tuesday in the U.S. Bankruptcy Court for the Southern District of New...
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