383 Madison Avenue

Showdown in Midtown! Lawsuit Takes Bear Stearns to Task Over 383 Madison

Showdown in Midtown! Lawsuit Takes Bear Stearns to Task Over 383 Madison
C R via flickr

JPMorgan Chase's takeover of one-time investment giant Bear Stearns just got that much messier.

The Wall Street Journal reports today that 383 Madison LLC, the owner of the land on which Bear Stearns built its headquarters at 383 Madison Avenue, is suing Bear Stearns for violating a written agreement that allows the LLC to get first dibs on the building in the event of a sale:  read more »