According to GameSpot, "Multiple documents regarding Team Bondi have been filed with the Australian Securities and Investments Commission today, including one appointing a liquidator to the studio. A 'special resolution to wind up company' was also filed today with the government agency."
The downfall of the development studio began when the International Game Developers Associations (IGDA) investigated serious complaints about working conditions and credits omissions. Ex-Team Bondi employees told horror stories of the studio's alleged horrid work ethic's, even forcing employees to work 100 hour weeks.
The PC version of L.A. Noire, which will be released on November 8, but it's being worked on by Rockstar Leeds, not Team Bondie, and since the IP is owned by Rockstar, the dissolution of Team Bondi won't spell the end of L.A. Noire.
Team Bondi will be shuttered
06 October 2011 | By JonahFalcon