Second Web Summit co-founder sues Paddy Cosgrave over alleged minority shareholder oppression

Daire Hickey claims that a concerted strategy led by Cosgrave forced him out of the company

23rd November, 2021
Second Web Summit co-founder sues Paddy Cosgrave over alleged minority shareholder oppression
Daire Hickey has known Paddy Cosgrave for 17 years, having met him at Trinity College in 2004. They began to work together on Web Summit in 2010. Picture: Feargal Ward

Daire Hickey, a co-founder of Web Summit, is suing Paddy Cosgrave over alleged minority shareholder oppression.

Hickey, who retains a seven percent share in Web Summit, has made a series of allegations in a affidavit filed in the High Court. He claims Cosgrave has displayed “disreputable conduct” which has undermined the Web Summit brand and that a concerted strategy led by Cosgrave forced him out of the company.

This is the second minority...

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