Attorney Profiles

Stephen L. Baskind 
Dallas, Texas
phone (214) 265-9919 (Direct Dial)
fax (214) 265-7411
email Email Me

Stephen Baskind has been practicing for more than 30 years and practices primarily in the Commercial Litigation area.  For many years, Stephen emphasized litigation involving financial institution bonds (including defending financial institutions), commercial fidelity bonds and insurance coverage issues involving fidelity policies as well as related bad faith claims.  Stephen's current commercial litigation practice now includes representation of banks, credit unions, insurers, businesses, individuals, and all types of commercial litigation such as:

  • commercial and contract disputes
  • uniform commercial code matters (articles 3 and 4)
  • credit union and banking issues and related matters
  • deceptive trade practices
  • fidelity law
  • legal professional malpractice defense 
  • insurance issues


    Representative Cases

    Richardson Nat'l Bank v. Reliance Ins Co., 619 F.2d 557 (5th Cir. 1980) represented a bank in litigation involving a banker's blanket bond regarding Insuring Agreement E and concerning allegedly "forged" manufacturer's statements of origin. 

    First Nat'l Bank v. F&CNY, 634 F.2d 1000 (5th Cir. 1981) represented a financial institution bond insurer regarding issues of discovery of loss and compliance with conditions precedent, including proof of loss.

    Hixon v. Cox, 633 S.W.2d 330 ( Tex. App.--Dallas 1982, writ ref'd n.r.e.) represented the issuer of a check in case involving whether accord and satisfaction principles apply a check delivered in payment of a disputed debt.

    Fidelity & Cas. v. First City Bank, 675 S.W.2d 316 (Tex. App.--Dallas 1984, writ ref's n.r.e.) represented a bank in negotiable instrument case involving forged endorsements and application of the no interest payee rule of UCC section 3.405.

    Charter Bank v. Evanston Ins. Co., 791 F.2d 379 (5th Cir. 1986) represented a bank in a case involving coverage under a financial institution bond regarding allegedly "altered" certificates of deposit. 

    Travelers Indem. Co. v. Dahlen, 734 S.W.2d 729 ( Tex. App. Dallas 1987) represented a surety in suit against indemnitors regarding a miscellaneous bond and allegations of material alteration of underlying risk. 

    McDowell v. Dallas Teachers Credit Union, 772 S.W.2d 183 ( Tex. App.--Dallas 1987, no writ) represented a credit union in a case involving forged checks and application of the repeater rule of UCC section 4.406.

    Reliance Ins. Co. v. Capital Bank, 912 F.2d 756 (5th Cir. 1990) represented a financial institution insurer in a case involving Insuring Agreement E regarding allegedly "counterfeit" stock certificates. 

    Knights of Columbus Credit Union v. Stock, 814 S.W.2d 427 (Tex. App.--Dallas 1991, writ denied) represented a credit union in a case involving issues relevant to the notice of sale of collateral following default by the borrower. 

    First Texas v. Reliance Ins. Co., 950 F.2d 1171 (5th Cir. 1992) represented a financial institute bond insurer in a case involving the loan exclusion and allegations of insurer bad faith.

    Matter of World Hospitality, 983 F.2d 650 (5th Cir. 1993) represented a commercial fidelity bond insurer in a case involving issues relevant to the definition of "employee" and the "alter ego" defense.

    American Airlines Emp. Fed. Credit Un. V. Martin, 29 S.W.3d 86 (Tex. 2000) represented a credit union in a case involving the validity of shortened notice provisions in an account deposit agreement as relevant to UCC section 4.406.

    Buck v. U.S. Fidelity & Guaranty Co., 2003 WL 22860932 (Tex. App.-- Corpus Christi 2003, no pet.) represented lost stock bond surety and stock issuer in a matter involving lost stock certificates.

    Borinski v. Williamson, 2004 WL 433746 (N.D. Tex. 2004) represented a credit union in a case involving issues relevant to the Right to Financial Privacy Act and the Fair Credit Reporting Act.

    Owens v. Comerica Bank, 229 S.W.3d 544 (Tex. App.-- Dallas 2007, no pet.)  represented bank in case involving deposit of $1.9 million of fraudulently deposited checks in which Court holds bank violated no duty to check issuer.

  • Areas of Practice:
    Commercial Litigation
    Fidelity Law
    Legal Professional Malpractice
    Uniform Commercial Code (articles 3 and 4)
    Credit Union & Banking Disputes and Litigation
    Insurance
    Bar Admissions:
    Texas, 1976
    U.S. District Court Northern District of Texas
    U.S. District Court Southern District of Texas
    U.S. District Court Western District of Texas
    U.S. District Court Eastern District of Texas
    U.S. Court of Appeals 5th Circuit
    Education:
    Texas Tech University School of Law, Lubbock, Texas, 1976
    J.D.
    Honors: Order of the Coif
    Honors: With Honors
    Law Review: Texas Tech Law Review, Articles Editor, 1975 - 1976


    University of Texas, 1973, Austin, Texas
    Bachelor of Journalism


    Published Works:
    Contributor, The Commercial Blanket Bond Annotated (ABA/TIPS), American Bar Association, 1985


    Contributor, Fidelity Law Topical Outline and Bibliography (ABA/TIPS), American Bar Association, 1989


    Recoveries: Policy Provisions, Rights Against Third Parties, Bankruptcy Issues, American Bar Association, 1991


    Defending Insurers and Their Agents, State Bar of Texas, 1991


    National Institute: Financial Institution Bonds, The Loan and Uncollected Funds Exclusions (ABA/TIPS) (Co-Author), American Bar Association, 1992


    Repossessions and Foreclosures, State Bar of Texas, 1995


    Who Ultimately Bears the Loss--Assignment, Subrogation and Risk Allocation Pursuant to the Uniform Commercial Code, American Bar Association, 1996


    Deposit Agreements Between Banks and Their Customers: The Texas Supreme Court Settles the Shortened Notice Provision Question, 32 Tex. Tech L. Rev. 191, 2001


    Check Fraud and the Fidelity Insurer (Co-Author), VII Fid. L. J. 53, 2001


    Check Fraud Litigation, 44 FOR THE DEFENSE, No.9 at 56, 2002


    Should We Abandon the Consideration Requirement, 29 DBA Headnotes, No. 5 at 13, 2005


    Classes/Seminars Taught:
    Course Director, 5th Annual Ultimate Insurance Seminar, State Bar of Texas, 1996


    Speaker, 8th Annual DTP/Consumer/Insurance Course, Repossessions and Foreclosures, State Bar of Texas, 1995


    Course Director, 4th Annual Ultimate Insurance Seminar, State Bar of Texas, 1995


    Course Director/Moderator, 3rd Annual Ultimate Insurance Seminar, State Bar of Texas, 1994


    Co-Moderator, 2nd Annual Ultimate Insurance Seminar, State Bar of Texas, 1993


    Speaker, 3rd Annual Advanced DTPA/Consumer Law Course, Defending Insurers and Their Agents, State Bar of Texas, 1991


    Speaker, Commercial Crime Policy, Recoveries and Subrogation (ABA/TIPS), American Bar Association, 1996


    Speaker, Fidelity & Surety Law Committee Annual Mid-Winter CLE Meeting, Who Ultimately Bears the Loss--Assignment, Subrogation and Risk Allocation Pursuant to the Uniform Commercial Code (ABA/TIPS), American Bar Association, 1996


    Speaker, National Institute: Fidelity Bonds, Recoveries: Policy Provisions, Rights Against Third Parties, Bankruptcy Issues (ABA/TIPS), American Bar Association, 1991


    Honors and Awards:
    Winner, Outstanding Lead Article, Texas Tech Law Review, Volume 32, 2001


    Professional Associations and Memberships:
    Dallas Bar Association
    Member


    American Bar Association
    Member, Fidelity and Surety Committee


    State Bar of Texas, Consumer Law Section Council, 1987 - 1997
    Member


    State Bar of Texas, Consumer Law Section Council, 1993 - 1997
    Officer


    State Bar of Texas, Consumer Law Section Council, 1995 - 1996
    Chairman


    State Bar of Texas, 1991 - 1996
    Member, Advisory Commission on Legal Specialization in Consumer Law