Web Summit co-founders sue over alleged breach of profit share deal

David Kelly and Daire Hickey take fresh personal proceedings against the company and its chief executive Patrick Cosgrave

Paddy Cosgrave at last year's opening night of Web Summit at the Altice Arena in Lisbon. Picture: Eóin Noonan via Sportsfile

Two Web Summit co-founders have brought fresh personal proceedings against the company and its chief executive and main shareholder Patrick Cosgrave alleging a breach of a profit share agreement.

The independent but related actions against Mr Cosgrave and Web Summit’s holding company, Manders Terrace Ltd, are brought by David Kelly and Daire Hickey.