Five separate cases underway between three Web Summit shareholders in case due to last until June
Web Summit co-founder Daire Hickey , arriving at the Four Courts in Dublin with his husband Mark Grennan. Photograph: Dara Mac Dónaill/The Irish Times
It is part of five separate actions being heard before the High Court in a bitter dispute expected to last into June. “That is why the case really only starts today,” he said, describing the approach so far as having the potential to offer a “reality check”.He gave the parties five minutes to consider his words, after which Bernard Dunleavy, senior counsel for Mr Cosgrave, told the judge his views had been taken on board and that the parties requested the court rise until lunchtime.
Mr Cosgrave, who is vigorously defending himself in both sets of proceedings, is in turn suing Mr Kelly for alleged breaches of his duties when he was a director of the company.Mr Hickey owns seven per cent of Manders Terrace; Mr Cosgrave owns 81 per cent of the business; and Mr Kelly owns 12 per cent.
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