Team Bondi Officially Shutting Down

After launching the hugely successful action adventure LA Noire, Australia-based development studio Team Bondi had gone through a rough period to say the least. Following reports of employee mistreatment, the company plunged into financial problems, in addition to the ASIC (Australian Securities and Investments Commission)changing the studio's status to 'Under External Administration and/or Controlled Receivership.'

While this was a pretty good sign that the company is going under (not "Down Under" ahahaha!), there weren't any official reports that they have actually shut down for good... at least not until now. Today, we've learned that an appointed liquidator is to handle sales of remaining Team Bondi assets, according to documents filed with the aforementioned ASIC.

Well, a lot of people being out of work is always lousy news. On the other hand, it's probably for the best - the working conditions were clearly appalling and the company was mostly run by complete assheads.

Meanwhile, the PC version of L.A. Noire, developed by Rockstar Leeds, is on its way to stores (be on the lookout come Nov. 11).

-via Actiontrip 

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