Bitter Web Summit dispute on verge of settlement after hours of talks

The High Court heard that what was discussed between Paddy Cosgrave, Daire Hickey and David Kelly will be written up overnight and presented to the court on Thursday morning

Web Summit majority shareholder Paddy Cosgrave (pictured) was suing Mr Kelly, who owns 12% of the shares in Web Summit, for alleged breaches of his fiduciary duties as a director of the company. Photo Collins Courts

The bitter High Court civil trials involving three co-founders of tech conference giant Web Summit is on the verge of resolution with settlement terms expected to come before the court on Thursday.

Hours of talks have taken place and on Wednesday the court was due to hear evidence from former Web Summit director Daire Hickey.