Opinion

Schmoll v. Acands, Inc.

977 F.2d 499 · Court of Appeals for the Ninth Circuit · Oct 26, 1992

Full text

Raymond A. SCHMOLL v. ACANDS, INC., a Pennsylvania Corporation, and Raytech Corporation, Defendant-Appellant Raymond A. SCHMOLL v. ACANDS, INC., a Pennsylvania Corporation, and Raytech Corporation

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.