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RAYMOND A. SCHMOLL, PLAINTIFF-APPELLEE, v. ACANDS, INC., A PENNSYLVANIA CORPORATION, ET AL., DEFENDANTS, AND RAYTECH CORPORATION, DEFENDANT-APPELLANT. RAYMOND A. SCHMOLL, PLAINTIFF-APPELLEE,

ORDER

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.

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SCHMOLL v. ACANDS INC
(Oct 26, 1992)