Web Summit's Paddy Cosgrave engaged in 'blackmail' against Daire Hickey in bid to secure his shares, High Court told

The High Court is currently presiding over a contentious multi-million euro legal dispute between Web Summit co-founder Paddy Cosgrave and minority shareholders, including former directors Daire Hickey and David Kelly. Cosgrave is accused of engaging in a 'blackmail' scheme to secure his position and shares within the company, highlighting significant internal conflicts and ethical concerns among the stakeholders involved. The proceedings are characterized as 'bitter,' suggesting deep-rooted tensions in the organization and illuminating the challenges faced by shareholder relationships in high-stakes environments.

The High Court heard accusations of a 'blackmail' campaign by Web Summit co-founder Paddy Cosgrave against former director Daire Hickey, aimed at securing shares.

This legal dispute reflects deep divisions within the company, with allegations pointing towards unethical behavior amid the ongoing bitter tensions between majority and minority shareholders.

Read at Independent