Web Summit claims co-founder received hundreds of thousands of euros in ‘secret’ payments

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Lawsuit includes claim by CEO Paddy Cosgrave that Daire Hickey “permitted conflicts of interest to arise between himself and Web Summit”

Web Summit has sought to amend its defence in a lawsuit it faces from a co-founder after alleging that new information has been revealed regarding hundreds of thousands of euros paid to him in “secret” fees.

The company and Paddy Cosgrave, its chief executive, are currently being sued by Daire Hickey, a co-founder and RTÉ board member, over alleged minority shareholder oppression.

 

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