Raymond A. Schmoll, Plaintiff-appellee, v. Acands, Inc., a Pennsylvania Corporation, et al., Defendants,andraytech Corporation, Defendant-appellant.raymond A. Schmoll, Plaintiff-appellee, v. Acands, Inc., a Pennsylvania Corporation, et al., Defendants,andraytech Corporation, Defendant-appellant, 977 F.2d 499 (9th Cir. 1992)Annotate this Case
William N. Reed, H. Mitchell Cowan, J. Randall Patterson, Watkins Ludlam & Stennis, Jackson, Miss., for defendant-appellant.
Henry Kantor, Jeffrey S. Mutnick, Pozzi, Wilson, Atchison, O'Leary & Conboy, Portland, Or., for plaintiff-appellee.
Appeal from the United States District Court for the District of Oregon; Owen M. Panner, Chief Judge.
Before: BEEZER, NOONAN, and TROTT, Circuit Judges.
Under Oregon law, creditors have priority over shareholders in all of the future earnings of an insolvent corporation. We have reviewed the record in No. 89-35168 and we affirm the district court's judgment on the grounds stated in its opinion. Schmoll v. ACandS, Inc., 703 F. Supp. 868 (D. Or. 1988).
We dismiss Raytech's appeal of an interlocutory order in No. 89-35101.