Paddy Cosgrave claims High Court action by former Web Summit directors is driven by 'greed'

Lawyer for Mr Cosgrave said that proceedings brought by David Kelly and Daire Hickey are an attempt to avoid a discount on the potential sale of their shares in the tech conference firm

Lawyers for Paddy Cosgrave (pictured) said today the case against him is an effort to craft 'a windfall which they do not deserve'. File photo: Collins Courts

Web Summit minority shareholders’ Daire Hickey and David Kelly’s High Court action against the tech conference chief executive Paddy Cosgrave is driven by “greed”, and is an effort to craft “a windfall which they do not deserve”, lawyers for Mr Cosgrave have claimed.

Evidence in five separate actions, brought variously by Mr Cosgrave, Mr Hickey and Mr Kelly against one another, is being heard together at the High Court. The proceedings are scheduled to run for nine weeks.