UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 2010
CORVEL CORPORATION
(Exact Name of Registrant as Specified in Charter)
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| DELAWARE
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000-19291
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33-0282651 |
| (State or Other Jurisdiction
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(Commission
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(IRS Employer |
| of Incorporation)
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File Number)
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Identification No.) |
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2010 Main Street, Suite 600,
Irvine, California
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92614 |
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(Zip Code) |
Registrant’s telephone number, including area code (949) 851-1473
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
Item 1.01 Entry Into a Material Definitive Agreement
As previously disclosed, in February 2005, Kathleen Roche, D.C., as plaintiff, filed a putative class action in Circuit
Court for the 20th Judicial District, St. Clair County, Illinois, against the Company. The case sought unspecified
damages based on the Company’s alleged failure to direct patients to medical providers who were members of the
CorVel CorCare PPO network and also alleged that the Company used biased and arbitrary computer software to
review medical providers’ bills. On October 29, 2010, the Company entered into a settlement agreement providing
for the payment of $2.1M to class members and up to an additional $700,000 for attorneys’ fees and expenses. The
Company denies that its conduct was improper in any way and has denied all liability. The final settlement
agreement must receive final approval by the Circuit Court before it becomes effective.
Item 2.02 Results of Operations and Financial Condition.
On November 2, 2010, CorVel Corporation issued a press release announcing its financial
results for the three and six months ended September 30, 2010. A copy of the press release is
furnished herewith as Exhibit No. 99.1.
The information contained in this report and in the exhibit attached to this report is being
furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise
subject to the liability of that section, or incorporated by reference in any filing under the
Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by
specific reference in such a filing.
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
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| Exhibit No. |
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Description of Exhibit |
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99.1 |
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Press Release, dated November 2, 2010, announcing CorVel
Corporation’s financial results for the three and six
months ended September 30, 2010 (furnished herewith but
not filed pursuant to Item 2.02). |