When a corporate raider threatens a hostile takeover of a 'mom and pop' company, the patriarch of the company enlists the help of his wife's attractive daughter—who is a lawyer—to stop the takeover. However, the raider soon becomes infatuated with her, and enjoys the legal manoeuvring as he tries to win her heart.
Based on the 1930's comic strip, puts the hero up against his arch enemy, Shiwan Khan, who plans to take over the world by holding a city to ransom using an atom bomb. Using his powers of invisibility and "The power to cloud men's minds", the Shadow comes blazing to the city's rescue with explosive results.