Regulatory Alerts2026-05-20
Added · Updated
Order Authorizing Increase in Priority Class 3 Distribution
Vermont Superior Court Judge Daniel Richardson granted the Commissioner of the Department of Financial Regulation's motion to increase the interim distribution rate on allowed priority class claims from 25% to 50% in the Care Risk Retention Group, Inc. liquidation. The order formally accelerates payout schedules for eligible claimants by doubling the interim distribution percentage. This directive immediately modifies the existing distribution framework to reflect the higher payout threshold across all approved priority class claims.
FILED: 5/6/2026 12:57 PM Vermont Superior Court Washington Unit 25-CV-01615 Vermont Superior Court Filed 05/11/26 STATE OF VERMONT Washington Unit SUPERIOR COURT WASHINGTON UNIT CIVIL DIVISION DOCKET NO. 25-CV-01615 COMMISSIONER OF THE DEPARTMENT OF FINANCIAL REGULATION, PLAINTIFF, CARE RISK RETENTION GROUP, INC RESPONDENT. ORDER INCREASING THE INTERIM DISTRIBUTION ON ALLOWED CLASS CLAIMS This matter having come before the Court by motion of the Commissioner of the Vermont Department of Financial Regulation in his capacity as Liquidator ("Liquidator") of Care Risk Retention Group, Inc. ("CARE" or the "Company'") for an order increasing the interim distribution rate on allowed priority class claims from 25% to 50%, it is ORDERED that:
- The Liquidator's Motion for an Order Increasing the Interim Distribution on Allowed Priority Class Claims ("Motion") is GRANTED; and,
- The rate for interim distributions on allowed priority class claims shall be increased to 50%. Dated in Montpelier, Vermont, May .2026. Electronically signed pursuant to V.R.E.F. 9(d) Daniel Richardson Superior Court Judge Superior Court Judge