It is anticipated that there will be at least one more distribution to General Fund participants once all remaining litigation has been concluded.
Joseph Blimline was sentenced to 240 months in federal prison on May 3, 2012 for his role in the Provident investment fraud.
The TDP provides that all payments made by the Trust are intended to compensate claimants for damages related to personal injuries, including bodily injury, and related mental consequences.
Under the TDP, to be eligible for any payment, a claimant must submit a completed proof of claims form (and all appropriate supporting documentation) by May 13, 2016.
The purpose of this website is to provide information to claimants about the CS DIP Liquidating Trust and the Trust’s mechanism for resolving patient-related claims.
The CS DIP Liquidating Trust was established to resolve claims by injured patients of Small Smiles dental clinics against the clinics, the dentists who were employed at the clinics, and other related entities.
These patient-related claims concern the services which were provided to the claimants at the Small Smiles dental clinics.
The Trust is organized to pay qualifying patient-related claims against these defendants.
On January 5, 2016, the bankruptcy court approved an amended settlement agreement between the Trust’s Liquidating Trustee, on behalf of Small Smiles and the Trust, and certain of Small Smiles’ insurers including National Union Fire Insurance Company of Pittsburgh, PA.
Copies of the TDP and the proof of claims form may be found on the Documents tab of this website.
The bankruptcy plan, which provides more information about the CS DIP Liquidating Trust, the amended settlement agreement, and the bankruptcy court’s January 5, 2016 order approving the amended settlement agreement and the TDP may also be found on the Documents tab of this website.
A 5% distribution (5% of allowed claim) to the General Fund (all 7,786 investors) participants in November, 2012.
A 7% distribution to the Assigned participants in November, 2013 and the second distribution of 3% to the Assigned participants in April, 2016.