Raymond A. Schmoll v. Acands, Inc., a Pennsylvania Corporation, and Raytech Corporation, Raymond A. Schmoll v. Acands, Inc., a Pennsylvania Corporation, and Raytech Corporation

977 F.2d 499 Raymond A. SCHMOLL, Plaintiff-Appellee, v. ACANDS, INC., a Pennsylvania Corporation, et al., Defendants, and Raytech Corporation, Defendant-Appellant. Raymond A. SCHMOLL, Plaintiff-Appellee, v. ACANDS, INC., a Pennsylvania Corporation, et al., Defendants, and Raytech Corporation, Defendant-Appellant. Nos. 89-35101, 89-35168. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 15, 1992. Decided Oct. 26, 1992. 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. ORDER 1 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). 2 We dismiss Raytech's appeal of an…