This is fairly old news (from October 2012) but the Hollywood press has just picked up on it and we confess, we missed it when it was first announced as well …
Fox Hill Productions has optioned a screenplay written by crime novelist Andrew Klavan, which he has adapted from his "Weiss and Bishop" trilogy of thrillers. According to the author, the script of Damnation Street largely follows the plot of the final book in the series, which shares the same title and was published in 2006; more details below. The other two books in the trilogy are Dynamite Road (2003) and Shotgun Alley (2004).
Two of Klavan's other novels have been adapted for film: Clint Eastwood's True Crime (1999) and Don't Say a Word with Michael Douglas (2001).
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The Weiss and Bishop Trilogy
They are two sworn enemies with a single obsession: a woman on the run from them both.
Scott Weiss is a private detective. John Foy is a professional killer. The woman is Julie Wyant, a hooker with the face of an angel. There's only one man who can find her: Weiss, the best locate operative in the business.
Now, from a town called Paradise, through a wilderness that feels like hell, Weiss searches for Julie — and the killer follows, waiting for his chance. They are two expert hunters matching move for move — until it ends on Damnation Street.