Stephen Gaghan will helm
Pic is set in the Brooklyn underworld where a former covert ops agent (Clarke) discovers the organization he has been fighting all his career has set up shop in his backyard. He teams with a former cop (De Niro) to stop the threat that could endanger the city of New York. Waltz will play a Cold War consigliere posing as a typical American suburbanite.
Lionsgate will distribute in North America. Good Universe is handling international sales and presenting the film as part of their slate in Cannes.
Allison Shearmur will produce along with Gaghan.
The ICM Partners-repped Waltz was most recently seen in “Django Unchained” which earned him an Oscar for best supporting actor.