Case No. 2352Oppression of minority shareholders, breach of profit-share agreement, breach of fiduciary duties (civil) · Co. Dublin
High Court sets nine-week trial for Web Summit co-founders' civil disputes
Mr Justice Michael Twomey at the High Court set a nine-week trial timeline for five civil cases between Web Summit co-founders Paddy Cosgrave, Daire Hickey and David Kelly, who are in dispute over minority shareholder oppression, a profit-share agreement and fiduciary duties. The trial is scheduled to begin on 18 March 2025.
- Reportednot reported
- Arrestednot reported
- Chargednot reported
- In court13 Feb
- Verdict
- Sentenced
reportedhappened, not reportedlatest stagenot yet
Key facts
consolidated from all reports10 statements extracted from the articles
- whatDaire Hickey holds a 7 per cent stake in Web Summit. (irishtimes.com)
- whatDavid Kelly holds a 12 per cent stake in Web Summit. (irishtimes.com)
- whatPaddy Cosgrave holds an 81 per cent stake in Web Summit. (irishtimes.com)
- chargeHickey and Kelly allege they are oppressed as minority shareholders. (irishtimes.com)
- chargeHickey and Kelly are suing Cosgrave for breach of a profit-share agreement. (irishtimes.com)
- chargeCosgrave is suing Kelly for alleged breach of fiduciary duties. (irishtimes.com)
- courtThe five cases are due to be heard together at a trial scheduled to begin on 18 March. (irishtimes.com)
- courtMr Justice Michael Twomey set a nine-week trial timeline. (irishtimes.com)
- courtThe judge described the dispute as akin to a quasi partnership dispute. (irishtimes.com)
- courtThe judge adjourned the case until the end of the month. (irishtimes.com)
The reporting
newest first- 13 Feb2025Paddy Cosgrave lawyers accused of seeking to ‘confine’ argument in High Court disputes
Pre-trial hearing in which the judge confirmed a nine-week trial duration, discussed mediation, and adjourned the matter to the end of the month.
victim, Daire Hickey, irish (judged from name)Daire Hickeyvictim, David Kelly, irish (judged from name)David Kellysuspect, Paddy Cosgrave, named, irish (judged from name)Paddy Cosgrave