Whitehouse also serves as Ranking Member on the Senate Judiciary Crime and Terrorism Subcommittee, where he has helped to lead an investigation of Russian meddling in our elections and has confronted the use of shell corporations
and dark money as tools of the Russian government.
Typically, the public shell corporation
in a reverse merger is held by a third party to the company that wants to take the back door into public filing and trading.
For example, Desmond D'Sa, a resident of South Durban, South Africa, and chairperson of the South Durban Community Environmental Alliance, has engaged the leadership of Shell Corporation
directly to deal with environmental issues similar to those in Norco.
Of course those members of the public who previously held stock in the shell corporation
, still own stock in the corporation and may continue to trade their shares in the secondary market.
Helped Pinochet set up offshore shell corporations
and open accounts in the names of those corporations to disguise his control of the accounts;
Among the giant corporations endorsing the Compact are those against which activist organizations and communities have waged struggle after struggle over violations of environments and workers the world over: Nike Corporation, Royal Dutch Shell Corporation
, DuPont Corporation, Unilever Corporation, Daimler-Chrysler Corporation, Deutsche Telecom Corporation, and Rio Tinto Mining Corporation.
Thus, whether the purchaser is an existing organization or is a newly formed shell corporation
without significant assets is relevant, unless the buyer pays full purchase price in cash at closing.
But recently it surfaced, now owned by a shell corporation
13(b)] provide for no exceptions, even where the merger is accomplished with a shell corporation
utilized solely for the purpose of changing the loss corporation's state of incorporation.
17) In Dominion Bridge, Span, a shell corporation
was incorporated in the Bahamas by Dominion Bridge, a Canadian company that purchased steel for its operations.
The Las Vegas sale, which called for New Media to continue to manage the title, was to an anonymous shell corporation
later determined to be owned by casino billionaire Sheldon Adelson.