A US judge has ruled against tech conference organiser Paddy Cosgrave, compelling him to enter private arbitration in a dispute with a former Web Summit partner and a fund manager.
In the legal action, Manders Terrace has accused Mr Kelly and Mr Murphy of “covertly” setting up an investment fund that it claimed benefited from its association with Web Summit, but from which the conference company and Mr Cosgrave were excluded.The parties are also involved in related legal actions before the Irish courts.
Lawyers for Mr Cosgrave said the company never agreed to go to arbitration in the case and that it was being “improperly” compelled to do so because there was no clause in a co-operation agreement between the parties compelling them to enter arbitration. The judge said that where several contracts are entered into between partners “as parts of substantially one transaction, they are taken together”.
God, I hope this doesn't hurt him financially like that time he bullied and verbally abused a female employee
To be a fly on the wall. A lower grade version of The Social Network movie on the way?
IrishTimes I am delighted