Courts / Ireland / Report

Paddy Cosgrave 'delighted' as bitter Web Summit dispute is resolved

Date
2025-03-27

Stage
Hearing Or Decision

Summary

The High Court civil trial between Web Summit shareholders ended after parties reached a settlement. Founder Paddy Cosgrave, who had sued minority shareholder David Kelly for fiduciary breaches, and Kelly, who had sued Cosgrave and Daire Hickey for shareholder oppression, agreed to resolve their disputes. The court, presided over by Mr Justice Michael Twomey, scheduled the case for mention on 29 April and adjourned it until next month. The parties, including former director Daire Hickey, expressed satisfaction with the outcome. No details of the settlement were disclosed. The case had involved five separate actions and was expected to last up to nine weeks. The resolution was announced after talks outside Court 29 in the Four Courts. The parties thanked their legal teams and families for support. The settlement was reached before any further evidence was presented. The case was adjourned for a future hearing.