Team Bondi, the Sydney, Australia-based game development studio behind LA Noire, has entered administration (what we like to call bankruptcy in America), according to a report from the Australian Securities & Investments Commission. This year the company found itself in the media spotlight over its workplace practices after several of its employees claimed that they were forced into unpaid overtime, and that they were not included in the game's credits.
The company spent six years developing the game for Rockstar Games. After all the controversy over LA Noire's development and the public scrutiny of its workplace practices, Rockstar decided that it would not publish future games from the studio.
Much of Team Bondi's current workforce - including creative director Brendan McNamara - have already moved on to KMM Studios, the Australian developer making Happy Feet 2. Last month Develop reported that KMM might be considering acquiring the studio, but no news on that front has materialized.