According to The Hollywood Reporter, Jason Reitman has optioned the movie rights to Elliot Allagash, the novel by Simon Rich.
Rich (a writer for NBC's Saturday Night Live) is going to adapt his own book. Reitman will produce this project, but he hasn't decided whether he will direct it.
Allagash which looks at "private schools and the excesses of the rich, centers on Seymour Herson, a boy who is regularly picked on at his private school." He gets taken under the wing of Elliot Allagash, a teen who is often "drunk and enjoys villainy."
Random House published Elliot Allagash in May.