This news has been coming for a while now. Team Bondi, makers of L.A. Noire, has been put into administration.
The Sydney based studio achieved success earlier this year with the Rockstar published game but has since been plagued by reports of staff mistreatment. It was only a few weeks ago that we heard rumours of asset sales and reassignment of staff to Kennedy Miller Mitchell, the Australian production house part owned by Mad Max creator, George Miller.
It is unclear what will happen to the studio’s current staff or projects they have outstanding but the future of L.A. Noire should not be affected too harshly as Rockstar holds the rights to that IP.
Best of luck to all involved.