The news first surfaced when a report by SmartCompany, stated that documents filed with the Australian Securities and Investments Commission showed Riad Tayeh and David Solomons of De Vries Tayeh were appointed as joint administrators of Team Bondi on August 30th.

The news was confirmed when a listing on the Australian Securities & Investments Commission website was posted and confirmed that Team Bondi Pty. Limited is now “under external administration and/or controlled appointment”.

This news comes as the perverbal nail in the coffin for the troubled L.A. Noire developer. The company’s reputation was severely disgraced earlier this year when news broke about employee working conditions and credits omissions. These complaints led to an investigation by the International Game Developers Association.

Next came the outlandish remarks by studio head Brendan McNamara  who denied all complaints. This was followed by a swift U-Turn when he said the studio would learn from its mistakes.

At the time of writes this, it is still unclear if Team Bondi’s above mentioned troubles were the direct cause of the company being placed into administration. We have written to Team Bondi, KMM, and De Vries Tayeh but as you can guess we have heard nothing back.