Apologies if this has already been postedFrom SMHBaillieu bails...

Apologies if this has already been posted
From SMH

Baillieu bails up Bid

The Baillieu family's chief spear thrower James Baillieuand his open approach to conflict would be well known to those familiar with the campaign against the stockbroking firm which bears his name.

But did his former colleagues on the listed small-cap Bid Energy board know they would be walking into such a fireworks display when they turfed him as chairman late last month?

Since his departure, Baillieu has hit the directors with a formal notice he intends to sue for alleged breach of their board duties.

He's also lobbed a referral to the Australian Securities Exchange over comments in Bid’s financial update outlining new chairman Andrew Dyer's previous involvement with the company.

Dyer, who got his start on the corporate ladder as one of Baillieu's reports at McKinsey, is better known for his other part-time job as the National Wind Farm Commissioner.

He says he worked "intimately" with the Bid board for the past two years, first as an adviser and a consultant before becoming a director in July. Baillieu disputes this.

This was all before Bid chief executive Guy Maine — another Baillieu recruit — handed the board an ultimatum last month they could keep him or Baillieu, but not both.

Now ASX investigators have confirmed to CBD they are assessing whether Bid directors breached listing rules in their half-year report, outlining possible outcomes could include a referral to ASIC.

Bid has denied any wrongdoing and is standing by its disclosures.