This invention provides a latch assembly in which the operation of a paddle-type recessed handle pivots an actuating member carried on a rear side of the latch assembly. As the latch assembly pivots, a contact member of the latch assembly engages and moves an operating member. As the operating member moves, a cylindrical keeper stud is rotated. One end of the keeper stud is adapted for engagement within a receiver mechanism and in a first locked position. Upon rotation of the keeper stud, the receiver and keeper are placed in a unlocked orientation whereby the receiving element may be disengaged from the keeper stud.