Opinion
Nos. 89-35101, 89-35168.
Argued and Submitted September 15, 1992.
Decided October 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
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.