Steven Cannon

Partner

Steven is a partner in the firm’s Texas office. His practice focuses on construction-related matters with sureties revolving around various disputes and litigation from payment bond and performance bond claims, to claims against indemnitors. He also has experience with commercial litigation, corporate transactions, estate planning, probate, and non-profit/tax-exempt organizations. Steven is also a licensed Texas CPA.
 

Steven is a native of Rowlett, Texas. He graduated from Texas Tech University with a Bachelor of Business Administration in Accounting. While at Texas Tech, Steven was an active member of FarmHouse Fraternity. After undergrad, Steven stayed in Lubbock to obtain a Master of Science in Accounting with a taxation emphasis, and his law degree with a Business Law concentration. Steven made the Dean’s List every semester of law school. While in law school, Steven served as the Business Manager and a Staff Editor of the Texas Tech Estate Planning & Community Property Law Journal. He was also a contributing writer for the Texas Bank Lawyer monthly publication and served as the Vice-President of Administration for the Student Bar Association.
 

Following law school, Steven spent over four years in private practice in the San Antonio area focusing on a variety of areas of law from transactional to litigation before returning home to the Dallas area, where he joined the firm in 2019. In his free time, Steven enjoys being out on the golf course or watching sports, especially his Red Raiders.
 

REPRESENTATIVE CASES
 

Philadelphia Indem. Ins. Co. v. P2MG, 2022 WL 292270 (S.D. Tex. 2022). Obtained summary judgment on indemnity action against indemnitors who claimed that the surety did not act in good faith by settling a payment bond claim in litigation. The court ruled that the terms of the indemnity agreement were clear and unambiguous in providing the surety the exclusive right and sole discretion to settle claims. The court further pointed out that the indemnitors’ failure to provide collateral to protect the surety defeated the indemnitors’ arguments that the surety should not have settled the claim. Last, the court awarded the surety its attorneys’ fees incurred in defending the payment bond claim as well as in enforcement of the indemnity agreement based on the surety’s sworn itemization in accordance with the terms of the indemnity agreement.

 

McKinstry Essention, LLC v. Philadelphia Indem. Ins. Co., 2021 WL 3914251 (S.D. Tex. 2021), report and recommendation adopted, 2021 WL 3913578 (S.D. Tex. 2021). Obtained dismissal of a performance bond claim against the surety by summary judgment. The court agreed with the surety that the obligee failed to provide the surety reasonable notice and an opportunity to mitigate when it self-performed the completion of the project after the principal’s alleged default. Additionally, the court dismissed the obligee’s claim for declaratory relief related to payment bond claims involving subcontractors that were not parties to the lawsuit, pointing out that no conflict existed between the obligee and the surety regarding the payment bond.

 

Philadelphia Indem. Ins. Co. v. Reytech Servs., L.L.C., 2021 WL 4142390 (5th Cir. 2021). Defeated an appeal of a judgment in favor of the surety on an indemnity action where one indemnitor sought to avoid its indemnity obligations. The appellate court affirmed the district court’s judgment in favor of the surety.

 

Philadelphia Indem. Ins. Co. v. P.C. Contractors, LLC, 2020 WL 7028484 (N.D. Tex. 2020). Obtained multi-million-dollar summary judgment on indemnity action against indemnitor who claimed that it was not a defined indemnitor under the indemnity agreement and that the indemnity agreement has been subsequently merged or replaced. The court ruled that the terms of the indemnity agreement were clear and unambiguous in defining the defendant as an indemnitor and the indemnity agreement was still in full force and effect, having not been merged with another agreement.

 

Charro Boring, Inc. v. Philadelphia Indemnity Insurance Company, 2020 WL 4284928 (E.D. Tex. 2020). Obtained summary judgment on a statute of limitations defense to a statutory payment bond claim. The Court ruled in favor of the surety by holding that the plaintiff failed to timely bring its lawsuit against the surety when it previously filed an arbitration against the surety and principal, ultimately dismissing the surety from the arbitration.

 

Harris County Water Control and Improvement District No. 89 v. Philadelphia Indemnity Insurance Company, 2020 WL 2839178 (S.D. Tex. 2020). Obtained dismissal of a multi-million-dollar performance bond claim against the surety by summary judgment. The court ruled that the contract in which the obligee brought suit and attempted to make a performance bond claim had replaced the contract that the surety bonded under its performance bond terms, and the replacement of the subsequent contract extinguished the surety’s responsibilities under the performance bond.

 

United States ex rel. Dixie Communications Systems, Inc. v. Travelers Casualty and Surety Company of America, 2019 WL 4644247 (S.D. Ga. 2019). Obtained dismissal of a Miller Act payment bond claim against the surety on an untimely notice to the contractor defense. The court ruled that the claimant failed to state a claim under the Miller Act when it admitted in its complaint that it did not provide the principal contractor with the required 90-day notice.


PUBLICATIONS
 

Comment, Steven K. Cannon, What’s It Worth? How Can an Asset Without a Market be Valued at a Fair Market Value?, THE CODICIL, TEX. TECH. EST. PLAN. & COMMUNITY PROP. L. J. (2014)

 

EVENTS & SPEAKING ENGAGEMENTS
 

Presenter, Maladministration of the Contract Award and Execution – the MIA Architect: A Case Study, Midwest Surety and Construction Claims Conference (2021)

Presenter, Update on Lien and Bond Claims in Light of Current Issues and Legislation, San Antonio Plumbing-Heating-Cooling Contractors Association (2018)

 

Presenter, Don’t Roll the Dice! Conducting Legal Charitable Fundraising Activities, San Antonio CPA Society’s Continuing Education Symposium (2016)
 

Presenter, Transfer on Death Deeds v. Lady Bird Deeds v. JTWROS Deeds, Texas Advanced Paralegal Seminar (2016)
 

Presenter, Demystifying Decision Making: Advanced Directives, Guardianship and More, Aging in Texas Conference (2016)
 

Presenter, Estate Planning Update, San Antonio CPA Society’s Continuing Education Symposium, (2015)
 

Presenter, How to File an Estate in Probate Court & Working with Executors and Administrators, The Probate Process from Start to Finish, Institute for Paralegal Education (2015)

PROFESSIONAL AND CIVIC ACTIVITIES
 

Certified Public Accountant, Texas, 2015

Associated Builders and Contractors – South Texas, 2014-2018
     Future Leaders Task Force Committee Chair, 2018

 

Construct-a-Kids Christmas Gala Committee Member, 2015-2018
     Silent Auction Committee Chair, 2017-2018

 

Miracle League of San Antonio Volunteer, 2015-2018

San Antonio CPA Society, 2015 – 2018
     Vice-President, 2018
     Board Member, 2017
     FUNlympics Committee Chair, 2017

 

State Bar of Texas
 

Texas State Board of Public Accountancy

 

STEVE CANNON 2022.jpg

Dallas Office

909 18th Street

Plano, TX 75074
972-737-2564

scannon@krebsfarley.com

PRACTICE AREAS
 

Complex Commercial Litigation

Construction Litigation

Surety Law


HONORS
 

Certificate of Excellence in Legal Research
 

Distinction Award for Trial Advocacy


Industry Professional of the Year – Associated Builders and Contractors-South Texas (2018)
 

Rising Star – Texas Society of Certified Public Accountants (2017)
 

Young CPA of the Year – San Antonio CPA Society (2015 – 2016)

 

EDUCATION
 

J.D., magna cum laude, Texas Tech University School of Law (2014)
 

M.S., Accounting, Texas Tech University (2013)
 

B.B.A., Accounting, summa cum laude, Texas Tech University (2011)

 

BAR AND COURT ADMISSIONS
 

Texas, 2014
 

New Mexico, 2022

U.S. Court of Appeals for the Fifth Circuit
 

U.S. District Court for Colorado
 

U.S. District Court for the Northern District of Illinois
 

U.S. District Court for New Mexico

U.S. District Courts for the Eastern, Northern, Southern and Western Districts of Texas