- 41 -
Kanter's law firm. By the 1970's, her duties at the law firm
evolved to her being an administrative assistant to Kanter. By
1981, she was no longer an employee of the law firm. During the
years at issue, Meyers also served as an officer or director of
many of Kanter's other corporations.
At all times, IRA's officers and directors made decisions
and performed their duties in accordance with Kanter's
instructions.
4. IRA Subsidiaries
IRA owned, from time to time, controlling interests in
several subsidiary corporations. These subsidiary corporations
included Brickell Enterprises, Inc., Cedilla Co., Cedilla
Investment Co., IRA Florida Apartments, Inc., KWJ Corp., Zeus
Ventures, Carlco, TMT, and BWK, Inc. IRA also, at one point,
owned a majority stock interest in Int'l Films.
Carlco, TMT, and BWK, Inc., were incorporated in the State
of Delaware in 1982 but remained inactive until 1983. In
December of 1983, IRA acquired 1,000 shares (100 percent) of the
common stock of each of Carlco, TMT, and BWK, Inc. In December
1983 and January 1984, Carlco, TMT, and BWK, Inc., each issued
shares of preferred stock. Carlco preferred shares were issued
to the Christie Trust established by Kanter for the benefit of
Lisle's family; TMT preferred shares were issued to the Orient
Trust established by Kanter for the benefit of Ballard's family;
Page: Previous 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 NextLast modified: May 25, 2011