UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 2, 2012

OLD STONE CORPORATION

(Exact name of registrant as specified in its charter)

RHODE ISLAND

(State or other jurisdiction of incorporation)

One Financial Plaza, 24^th Floor, Providence, RI 02903

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 401-921-1591

N/A

(Former name or former address, if changed since last report)

As previously disclosed in the Corporation’s Current Report on Form 8-K filed on June 6, 2012, Old Stone Corporation has joined with its largest stockholder, Manticore Properties, LLC, in filing a petition with the Rhode Island Superior Court (the “Court”) seeking dissolution of the Corporation and the appointment of a receiver to distribute its remaining assets to the holders of its outstanding Cumulative Voting Convertible Preferred Stock, Series B (the “Series B Preferred Stock”). On June 5, 2012, the Court signed an order appointing Alan Shine of Winograd Shine Land & Finkle, P.C., as a temporary receiver. On June 19, 2012, the Court signed an order directing that notice of a hearing on the appointment of a permanent receiver scheduled for 9:30 a.m. on July 16, 2012 be published in certain newspapers and mailed to the holders of record of the Series B Preferred Stock. A copy of the notice is attached hereto as Exhibit 99 and incorporated by reference herein.

Exhibits

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 2, 2012