After a robbery, the Jester begins to be concerned over the likelihood of his enemies learning his true identity, and he comes up with an idea to get rid of Daredevil once and for all. In his civilian guise of Jonathan Powers, the Jester enters a police station and announces to all there that he intends to reveal the true identity of Daredevil on the George Washington Bridge that evening.
News of this spreads across the city and reaches Matt Murdock who decides to check out the situation himself as Daredevil. Arriving at the bridge, he gets into a scuffle with Powers, who takes advantage of the media cameras that have shown up for the event. Making it seem as though Daredevil is trying to kill him, Powers then forces Daredevil to knock him off the bridge where he secretly escapes aboard a submarine. With the body of Powers "lost" Daredevil is accused of murder and he flees the scene.
Back in his Jester guise, Powers then takes control of a TV studio and demands that Daredevil meet him in combat, however when Daredevil meets up with the Jester he is soon surrounded by police.
Surrounded by the police and the mad Jester who has framed Daredevil for a murder rap, Daredevil manages to escape. However he ends up having to evade the police and the Jester all night. Trying to get a reprieve by stealing a man's overcoat to cover his costume and taking off his mask, DD tries to take the subway to safety. Coincidentally, the Jester is riding the train in his civilian guise and spots Daredevil's boots, however Daredevil manages to escape off the train before the mob of commuters can catch him.
Traveling to Liberty Island hoping to lay low for awhile, Daredevil is followed there by the Jester who attacks him once more. During the fight, a police helicopter arrives and when one of the police officers falls out, Daredevil saves his life. However, the officer injects him with a sedative and DD is taken into custody. While in the prison infirmary recovering, a curious prisoner begins to take off DD's mask.
Awakening in a prison infirmary just as a crook is about to unmask him, Daredevil easily overpowers the crook. Then covering his costume in a trench coat, he sneaks out as Matt Murdock and returns to the Nelson and Murdock law firm and tells Foggy and Deborah that he was mugged. Returning home, Matt comes up with an idea how to prove that the Jester had framed him.
Donning a Jester costume, Daredevil appears on a late night television program posing as the criminal. Infuriated at being impersonated, the Jester arrives and the two battle on live television. During the fight, Daredevil gets the best of the Jester and then unmasks him. Revealing him to be the still alive Johnathan Powers, Daredevil manages to clear his name.
I've figured out the secret identity of Daredevil! I know for certain who he is! And I intend to expose him -- publicly -- at the stroke of midnight! 