Courts / Ireland / Report
Breakthrough in bitter Web Summit dispute following talks
Summary
The High Court civil case involving Web Summit co‑founders reached a settlement after morning talks. The court had been scheduled to hear evidence from former director Daire Hickey, but proceedings were adjourned as lawyers negotiated outside Court 29. Barrister Michael Cush SC, representing former director David Kelly, reported that negotiations had not yet produced a result but were progressing. Mr Justice Twomey adjourned the case to 2 pm, and later that afternoon the legal teams of all three parties sat with the judge. Cush announced that a settlement agreement would be drafted overnight and presented to the court the next morning. The case, which began last week, involved Paddy Cosgrave suing Kelly for alleged breaches of fiduciary duties, while Kelly and Hickey sued Cosgrave for shareholder oppression and profit‑sharing breaches. The judge urged the parties to resolve their differences and highlighted the potential costs of prolonged litigation. The matter was adjourned until 11 am tomorrow for finalisation.
Who, what, where, when and why
What: Report matter: Breakthrough in bitter Web Summit dispute following talks. Procedural stage: hearing_or_decision
When:
- 2025-03-26 Publication
Case subjects
Applicant
Outcome: This morning, the court was due to hear evidence from former Web Summit director Daire Hickey but proceedings were put back as lawyers and parties held talks in corridors all morning outside Court 29 in the Four Courts building.
Places mentioned
- High Court
- Supreme Court
Topics
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