Former Web Summit director alleges Paddy Cosgrave attempted to blackmail him

Action alleging shareholder oppression being bought by David Kelly who claims there has been a complete breakdown in relations with Web Summit CEO

Web Summit CEO Paddy Cosgrave on the opening night of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Picture: Eóin Noonan/Web Summit via Sportsfile

An action by a former director and minority shareholder in the Web Summit tech conference firm claims he has been the victim of oppressive conduct and attempted blackmail in proceedings admitted to the Commercial Court.

The action alleging shareholder oppression is being brought by David Kelly, a director of Graiguearidda Ltd, who claims there has been a complete breakdown in relations with the Web Summit CEO Paddy Cosgrave.