It definitely looks like Rockstar Games is, or rather was, working on Bully 2 at some point.
Rockstar might be all-in on the next Grand Theft Auto game right now, but the recent leaks suggest that the studio was actively working on Bully 2. A member of the group behind the GTA 6 leaks, Laspus$, reportedly communicated with someone on Reddit. The same user is now sharing screenshots of their conversation, wherein the hacker revealed sensitive information about the long-rumored game. The source claims to possess two PDF files filled with Bully 2 information from 2009 and 2017.
According to the hacking group, Rockstar shelved the 2009 version to start working on GTA 5 and Red Dead Redemption 2. Then, in 2017, Rockstar began development on a sequel that will feature a new character and setting.
This 2017 version of Bully 2 will reportedly take place across the pond in an English school, in a fictional town, where players will take control of a new protagonist. It will feature robust gameplay features where players can explore the town on a street level, sign up for part-time jobs, and even commit smaller crimes to be a nuisance.