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Stephen Baskind
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. 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, consumer and contract disputes
  • uniform commercial code matters (articles 3 and 4)
  • credit union and banking issues and related matters
  • deceptive trade practices

Stephen was selected as a "Texas Super Lawyer" in Business Litigation in the Texas Monthly Super Lawyers edition for 2008, 2009, 2010, and 2011. Martindale Peer Review Rating: AV(r) Preeminent(tm) 5.0 out of 5.

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.

Sanders v. Comerica Bank, Inc., 274 S.W.3d 861 (Tex. App. -- Fort Worth 2008, no pet.) represented a bank regarding a dispute with subordinate security interest holder regarding the proper application of the proceeds from the sale of collateral following default and regarding the sufficiency of the applicable security agreement and financing statement.

Peoples v. GENCO Federal Credit Union, 2010 WL 1797266 (Tex. App. -- Waco 2010, no pet.) represented credit union in a case involving wrongful repossession and related claims.

Wilcot v. Wiggins, 306 S.W.3d 947 (Tex. App. -- Dallas 2010, no pet.) represented credit union in a case involving the applicability of a power of attorney to authority to withdraw from depository account.

Kennemer v. Fort Worth Community Credit Union, 335 S.W.3d 843 (Tex. App. -- El Paso 2011, pet. denied) represented credit union in a case regarding the enforceability of a deposit agreement regarding issues of rights of survivorship.

Super Lawyers
Seriously Outstanding
only 5% selected each year
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:
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


Representative Cases:
Richardson Nat'l Bank v. Reliance Ins Co., 619+ F.2d. 557 (5th Cir. 1980)
First Nat'l Bank v. F & CNY, 634 F. 2d 1000 (5th Cir. 1981)
Hixon v. Cox, 633 S.W. 2d 330 (Texas App.-Dallas 1982)
Charter Bank v. Evanston Ins. Co., 791 F. 2d 379 (5th Cir. 1986)
Travelers IndemCo. v. Dahlen, 734 S.W. 2d 729 (Texas App. Dallas 1987)
McDowell v. Dallas Teachers Credit Union, 772 S.W. 2d 183 (Texas App. Dallas 1987)
Reliance Ins. Co. v. Capital Bank, 912 F. 2d 756 (5th Cir. 1990)
Knights of Columbus Credit Union v. Stock, 814 S.W. 2d. 427 (Texas App. Dallas 1991)
First Texas v. Reliance Ins. Co., 950 F. 2d. 1171 (5th Cir. 1992)
Matter of World Hospitality , 983 F. 2d. 650 (5th Cir. 1993)
American Airlines Emp. Fed. Credit Un. v. Martin, 29 S.W. 3d 86 (Texas 2000)
Buck v. U.S. Fidelity & Guaranty Co. (Texas App.-Corpus Christi 2003)
Borinski v. Williamson (N.D. Texas  2004)
Owens v. Comerica Bank, 229 S.W. 3d 544 (Texas App. 2007)
Sanders v. Comerica Bank, Inc., 274 S.W. 3d. 861 (Texas App.-Forth Worth 2008)
Peoples v. Genco Federal Credit Union (Texas App.-Waco 2010)
Wilcots v. Wiggins, 306 S.W. 3d 947 (Texas App. Dallas 2010)
Peoples v. GENCO Federal Credit Union, 2010 WL 1797266 (Tex. App. -- Waco 2010)
Kennemer v. Fort Worth Community Credit Union, 335 S.W.3d 843 (Tex. App. - El Paso 2011)
Classes/Seminars Taught:
Co-Moderator, 2nd Annual Ultimate Insurance Seminar, State Bar of Texas, 1993


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


Course Director, 5th Annual Ultimate Insurance Seminar, State Bar of Texas, 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


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


Texas Bar Foundation, Life Fellow


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


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