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Staff Are Team Bondi's Largest Creditors

The creative staff behind L.A. Noire comprise the majority of creditors waiting for repayment from insolvent developer Team Bondi, reports GamesIndustry.biz (registration required). They quote the legal documents relating to the company's liquidation showing that 40 creditors are owed more than $1.4 AUD, and the staff are owned most of this, ranging from $1600 and $99,000. They also not that studio boss Brendan McNamara is also owed more than $102,000, while one of the few business still owed money is motion capture firm Depth Analysis, which was also co-founded by McNamara. Word is: "With the company being liquidated it's increasingly unlikely that staff will be repaid any significant percentage of the outstanding amount."

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22. Re: Staff Are Team Bondi's Largest Creditors Oct 7, 2011, 18:14 theyarecomingforyou
 
finga wrote on Oct 7, 2011, 17:43:
Yep, huge failure, primarily on the part of the company's founder, Brendan McNamara. This documents some of it.
Yeah, the guy sounds like a complete prick. The money should go to everyone else before him, as he was the person most responsible for all the problems.
 
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