Civil trial could potentially last nine weeks
The judge, Mr Justice Michael Twomey, will hear five separate legal actions, potentially over nine weeks, after a last-chance effort to mediate the disputes and avoid a costly trial fell apart in Dublin last week., who holds a 12 per cent stake in the technology conference business, for alleged breaches of his duties as a director.
Mr Hickey and Mr Kelly, meanwhile, want Mr Cosgrave to effectively buy out their stake in the company. In his 2021 grounding affidavit, Mr Hickey claimed that Web Summit could be worth between €200 million and €350 million at the time, valuing his 7 per cent stake holding at somewhere between €14 million and €24.4 million.
However, the process collapsed last Tuesday, ensuring the cases would return to court for trial this week.
Paddy-Cosgrave High-Court David-Kelly Daire-Hickey
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