SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

CUSIP No. 221006109

13G

1

Name of Reporting Person:
I.R.S. Identification No. of Above Person:
Corstar Holdings, Inc.

2

Check the Appropriate Box if a Member of a Group

(a)

x

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
Minnesota

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
0

6

Shared Voting Power
3,850,001

7

Sole Dispositive Power
0

8

Shared Dispositive Power
3,850,001

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,850,001

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11

Percent of Class Represented by Amount in Row (9)
33.67%

12

Type of Reporting Person
CO

CUSIP No. 221006109

13G

1

Name of Reporting Person:
I.R.S. Identification No. of Above Person:
Jeffrey J. Michael.

2

Check the Appropriate Box if a Member of a Group

(a)

x

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
119,327*

6

Shared Voting Power
3,850,001

7

Sole Dispositive Power
119,327*

8

Shared Dispositive Power
3,850,001

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,969,328

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11

Percent of Class Represented by Amount in Row (9)
34.72%

12

Type of Reporting Person
IN

Item 1.

(a)

Name of Issuer
The name of the issuer is CorVel Corporation.

(b)

Address of Issuer’s Principal Executive Offices
2010 Main Street, Suite 600
Irvine, CA 92614

Item 2.

(a)

Name of Person Filing.
See (c) below.

(b)

Address of Principal Business Office or, if none, Residence.
See (c) below

(c)

Citizenship.
Jeffrey J. Michael
10901 Red Circle Drive, Suite 370
Minnetonka, MN 55343
United States citizen

Corstar Holdings, Inc.
10901 Red Circle Drive, Suite 370
Minnetonka, MN 55343
Minnesota corporation

(d)

Title of Class of Securities.
Common Stock

(e)

CUSIP Number.
221006109

Item 3.

Not applicable.

Item 4.

Ownership

(a)

Amount beneficially owned:

As of December 31, 2011, Corstar Holdings, Inc. held 3,850,001 shares of CorVel stock.(1)  As of December 31, 2011 Jeffrey J. Michael individually owned 80,327 shares of CorVel stock and options of 39,000 exercisable within 60 days of December 31, 2011.  Mr. Michael is the President and CEO  and the sole director of Corstar Holdings, Inc.  Mr. Michael disclaims beneficial ownership of shares held by Corstar Holdings, Inc. except to the extent of his pecuniary interest therein.

(b)

Percent of class:

Based on 11,433,492 shares of the Issuer’s common stock outstanding as of November 1, 2011 as reported in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2011:  Corstar Holdings, Inc. may be deemed to the beneficial owner of 33.67% of the Issuer’s common stock and Mr. Michael may be deemed to be the beneficial owner of 34.72% of the Issuer’s common stock.

(c)

The Reporting Persons have the power to vote or dispose of the number of shares as follows:

(i)

Sole power to vote or to direct the vote.

Mr. Michael may be deemed to have the sole power to vote or direct the vote of 119,327 shares of common stock based on his ownership of 80,327 shares and options to purchase 39,000 shares that are exercisable within 60 days of December 31, 2011.

(ii)

Shared power to vote or to direct the vote.

Mr. Michael and Corstar Holdings, Inc. maybe deemed to share the power to vote or direct the vote with respect to 3,969,328 shares of common stock.

(iii)

Sole power to dispose or to direct the disposition of.

Mr. Michael has sole power to dispose or control the disposition of 119,327 shares of common stock based on his ownership of 80,327 shares and options to purchase 39,000 shares that are exercisable within 60 days of December 31, 2011.

(iv)

Shared power to dispose or to direct the disposition of.

Mr. Michael and Corstar Holdings, Inc. maybe deemed to have shared power to dispose of or shared power to direct the disposition of 3,969,328 shares of common stock.

Item 5.

Ownership of Five Percent or Less of a Class.

Not Applicable

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Reported on By the Parent Holding Company.

Not Applicable.

Item 8.

Identification and Classification of Members of the Group.

Exhibit A attached hereto identifies each member of the group filing this Schedule 13G/A pursuant to Rule 13d-1(c).

Item 9.

Notice of Dissolution of Group.

Not Applicable.

Item 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Dated: January 30, 2012

/s/ Jeffrey J. Michael

Jeffrey J. Michael

CORSTAR HOLDINGS, INC.

By:

/s/ Jeffrey J. Michael

Its:

President & CEO

Exhibit

Title

Page No.

Exhibit A

Group Members

1

Exhibit B

Joint Filing Agreement

1