Team Bondi, the Aussie developer behind L.A. Noire, is now reportedly under administration, following a set of troubling circumstances that have come to light in recent months, such as the allegations of unfair working conditions and the rumoured sell-off of Team Bondi’s intellectual property.
For those who are unfamiliar with the term "under administration," it means that said company is experiencing financial difficulties, which they have now been forced to stop trading.
According to a SmartCompany report, Team Bondi is now under the joint-control Riad Tayeh and David Solomons of De Vries Tayeh, whom which assumed control of Team Bondi on August 30.
At the time of writing, it is unknown if the unfortunate circumstances that took place in recent months were a direct cause for the current administrative control.
Stay tuned.