News Room

Raul H. Gonzalez Participates in Meeting with President Bush on Health Savings Accounts. - 4/10/2007

On April 2, 2007, Raul H. Gonzalez, Director of Administration of Passman & Jones, spent one hour seated to the right of President George W. Bush for a small group meeting on the benefits of Health Savings Account plans and to share his thoughts about the implementation of an HSA plan at Passman & Jones and its impact on him personally.

Texas Supreme Court Adopts New Approach to Covenants Not to Compete - 1/30/2007

The Texas Supreme Court issued its opinion in Sheshunoff Managemen. Services, L.P. v. Johnson, which should make some covenants not to compete easier to enforce in employment situations.

Texas Supreme Court Holds Shareholder Not Liable for Corporation’s Contractual Obligations. - 12/22/2006

This is a good case for the protection of corporate shareholders from contractual corporate debt and reaffirms our understanding of the statutory provisions in the Texas Business Corporation Act (Act), and the Texas Business Organizations Code (TBOC) which recodifies the Act.

Special income tax savings for charitable gifts with IRAs now available, but only for 2006 and 2007. - 12/14/2006

Under the Pension Protection Act of 2006, charitable donors over the age of 70 ½ may make contributions of up to $100,000 per year directly to a charity from their IRA without including the Qualified Charitable Distribution in their income.