Evexia Holdings, Inc. v. Geurts

CourtConnecticut Appellate Court
DecidedDecember 23, 2025
DocketAC48365
StatusPublished

This text of Evexia Holdings, Inc. v. Geurts (Evexia Holdings, Inc. v. Geurts) is published on Counsel Stack Legal Research, covering Connecticut Appellate Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Evexia Holdings, Inc. v. Geurts, (Colo. Ct. App. 2025).

Opinion

************************************************ The “officially released” date that appears near the beginning of an opinion is the date the opinion will be published in the Connecticut Law Journal or the date it is released as a slip opinion. The operative date for the beginning of all time periods for the filing of postopin- ion motions and petitions for certification is the “offi- cially released” date appearing in the opinion. All opinions are subject to modification and technical correction prior to official publication in the Connecti- cut Law Journal and subsequently in the Connecticut Reports or Connecticut Appellate Reports. In the event of discrepancies between the advance release version of an opinion and the version appearing in the Connecti- cut Law Journal and subsequently in the Connecticut Reports or Connecticut Appellate Reports, the latest version is to be considered authoritative. The syllabus and procedural history accompanying an opinion that appear in the Connecticut Law Jour- nal and subsequently in the Connecticut Reports or Connecticut Appellate Reports are copyrighted by the Secretary of the State, State of Connecticut, and may not be reproduced or distributed without the express written permission of the Commission on Official Legal Publications, Judicial Branch, State of Connecticut. ************************************************ Page 2A CONNECTICUT LAW JOURNAL December 23, 2025

2 DECEMBER, 2025 236 Conn. App. 0 Evexia Holdings, Inc. v. Geurts

EVEXIA HOLDINGS, INC., ET AL. v. DALE A. GEURTS (AC 48365) Moll, Seeley and Westbrook, Js.

Syllabus

The plaintiffs appealed from the trial court’s judgment denying their applica- tion to vacate an arbitration award and granting the defendant’s motion to confirm the award, which had been issued in connection with a dispute regarding the parties’ consulting agreement. The plaintiffs claimed, inter alia, that the court improperly rejected their argument that the arbitrator manifestly disregarded the law by imposing a constructive trust on certain shares of stock owned by the plaintiff B. Held:

The trial court properly denied the plaintiffs’ application to vacate and granted the defendant’s motion to confirm the arbitration award because the plaintiffs failed to demonstrate that the arbitrator exceeded his authority or manifestly disregarded the law and the arbitrator’s decision to impose a constructive trust was consistent with the parties’ broad, unrestricted submission to arbitration, as the arbitrator reasonably could have concluded that, in order to ensure that the defendant received the benefits to which he was entitled under the consulting agreement, a constructive trust on B’s stock was justified, the arbitrator’s failure to award relief for unjust enrichment did not preclude him from fashioning an equitable remedy neces- sary to vindicate his findings that the plaintiffs had engaged in bad faith conduct, breached their fiduciary duties, and violated the Connecticut Unfair Trade Practices Act (§ 42-110a et seq.) in their dealings with the defendant, and the plaintiffs failed to establish that the arbitrator was aware of and chose to ignore some obvious and readily perceived legal principle that would have precluded the imposition of a constructive trust or otherwise limited his broad authority to fashion legal and equitable remedies.

Argued October 9—officially released December 23, 2025

Procedural History

Application to vacate an arbitration award, brought to the Superior Court in the judicial district of Stamford- Norwalk, where the defendant filed a motion to confirm the arbitration award; thereafter, the case was tried to the court, Zingaro, J.; judgment denying the plaintiffs’ application to vacate the arbitration award and granting the defendant’s motion to confirm the arbitration December 23, 2025 CONNECTICUT LAW JOURNAL Page 3A

236 Conn. App. 0 DECEMBER, 2025 3 Evexia Holdings, Inc. v. Geurts

award, from which the plaintiffs appealed to this court. Affirmed. Michael J. Donnelly, for the appellants (plaintiffs). Scott R. Lucas, with whom was Douglas J. Varga, for the appellee (defendant). Opinion

WESTBROOK, J. The plaintiffs, Evexia Holdings, Inc. (Evexia), Evexia Diagnostics, Inc. (EDI), and Kevin K. Bodling, appeal from the judgment of the Superior Court denying their application to vacate an arbitration award rendered in favor of the defendant, Dale A. Geurts, and granting the defendant’s motion to confirm the award. The plaintiffs claim that the court improperly rejected their argument that the arbitrator manifestly disregarded the law by imposing a constructive trust on certain shares of stock owned by Bodling that the plaintiffs assert were not directly at issue in the arbitra- tion. We affirm the judgment of the court. The following facts, as found by the arbitrator, and procedural history are germane to our resolution of the present appeal. Bodling is a chiropractor and the majority shareholder, chief executive officer, and presi- dent of Evexia and its subsidiary, EDI.1 During the period of time at issue, Bodling exercised complete control over Evexia and EDI and conducted business without proper adherence to corporate formalities, including by comingling corporate and personal 1 ‘‘Evexia is a Connecticut corporation that conducts business in the well- ness industry. Through EDI and other related companies, Evexia provides diagnostic testing products and nutraceuticals to health professionals and organizations to enable their respective clients and customers to diagnose and treat issues to maximize their health. EDI is a Connecticut corporation and a wholly owned subsidiary of Evexia. EDI organizes laboratory testing and functional health reports for patients/clients of various organizations, and offers products such as meals, nutraceuticals, health record manage- ment, and educational tools and webinars.’’ Page 4A CONNECTICUT LAW JOURNAL December 23, 2025

4 DECEMBER, 2025 236 Conn. App. 0 Evexia Holdings, Inc. v. Geurts

finances. In 2018, the defendant, who is an investor and 2

consultant with a long history in the finance industry, declined Bodling’s invitation to invest directly in Evexia but executed a consulting agreement with the plaintiffs dated November 18, 2018 (agreement). The agreement provided, inter alia, that, in exchange for the defen- dant’s services regarding corporate strategies and the restructuring of corporate debt, the plaintiffs would grant the defendant a 10 percent equity stake in Evexia and, beginning on March 15, 2019, would also pay him monthly dividends equaling 2 percent of the prior month’s gross revenues of Evexia and its subsidiaries. There was no end date in the agreement with respect to the monthly revenue payments, but the plaintiffs retained an option to buy out their obligation to make the payments, which they never exercised. The agree- ment also included a personal guaranty of performance from Bodling. The parties thereafter became dissatisfied with each other’s performance under the agreement, and the plaintiffs withheld making the monthly revenue pay- ments to the defendant. In accordance with the agree- ment’s binding arbitration clause,3 the defendant initi- ated proceedings with the American Arbitration 2 The arbitrator made the following findings with respect to Bodling’s business practices: ‘‘Bodling directs, manages, and exercises complete con- trol over Evexia and EDI and their finances.

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Evexia Holdings, Inc. v. Geurts, Counsel Stack Legal Research, https://law.counselstack.com/opinion/evexia-holdings-inc-v-geurts-connappct-2025.