In the absence of mediation or any move to agree a buyout of the minority interests, "expensive and complicated" remains the most likely forecast for this internecine corporate fight at the world's leading tech conference.
In a new court filing, Web Summit CEO Paddy Cosgrave claims to "correct the record" on oppression allegations made against him by the company's shareholders. He also ups the stakes with a swathe of new claims about former business partner Daire Hickey.
A confidential strategy document warned of the reputational considerations and advised Web Summit to get ahead of the story and downgrade as far as possible the alleged hacking of the Dublin Tech Summit.
In new court filings, the Web Summit co-founder David Kelly complains of a “complete breakdown” in relations with chief executive Paddy Cosgrave, who is accused of running the business for his own benefit.
Two founders of Web Summit are locked in a bitter row over a multi-million euro venture capital fund. Both have very different stories to tell.
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