L.A. Noire developer Team Bondi was subject to enormous critical acclaim before getting hit by an employment scandal. And now it is no more. The studio entered administration in late August, with its assets supposedly sold to Australian production company Kennedy Miller Mitchell.

Despite critical and commercial success, a prolonged development cycle took its toll on Team Bondi concluding with the studio's closure.

Rockstar holds the rights to the L.A. Noire IP, so technically we could see a sequel to the ambitious series in the future. Don't hold your breath though.

[Thanks EDGE]