-47-
decisions, including awards of construction contracts, financing
transactions, development projects, and related business.
Ballard, Transcr. at 215; Strum, Transcr. at 511, 521-522; Knab,
Transcr. at 606-609.
E. Kanter-Related Entities
1. Investment Research Associates, Ltd. (IRA) (STJ report
at 15-17)
IRA was incorporated as a subchapter C corporation in the
State of Delaware on August 26, 1974, originally under the name
Cedilla Co. In the annual franchise tax report for IRA filed
with the State of Delaware, dated March 1, 1979, the name of
Cedilla Co. was changed to Investment Research Associates, Ltd.
To avoid confusion, we refer to the corporation at all times as
IRA.
IRA consistently filed annual franchise tax reports with the
State of Delaware. Between 1974 and 1977, IRA was authorized to
issue both common stock and several classes of preferred stock.
Exhs. 4, 9071. IRA’s annual franchise reports filed with the
State of Delaware from 1975 to 1988 often were not accurate in
reporting the shares of its stock that were issued and
outstanding. Exhs. 4, 9071.
IRA has always had a board of directors and a full slate of
officers. It has consistently filed Federal income tax returns.
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