EXCLUSIVE: Mimi Leder has signed on to direct All Quiet on the Western Front, an adaptation of Erich Maria Remarque’s WWI novel that was previously turned into the 1930 film that won a Best Picture Oscar and another for director Lewis Milestone. The novel is about the intense and terrifying action of 1918 trench warfare that traumatizes a young and idealistic German soldier on the Western front. The script is by Ian Stokell and Lesley Paterson. They will produce through their Sliding Down Rainbows Entertainment shingle. They have also come up with part of the funding, Leder told me.

Leder, whose feature credits include Deep Impact and The Peacemaker, just completed directing the season finale of Luck, the HBO series that stars Dustin Hoffman and Nick Nolte, with Michael Mann and David Milch exec producing. She hadn’t read the novel or seen the original film when she was sent the WWI script by Stokell and Paterson, but was struck by how the themes of disillusion and loss of humanity during ferocious fighting hadn’t lost its relevance despite the period setting.

“Even though the original film was made in 1930 at the advent of the talkies, I was moved by its depiction of the terrible senseless brutality of war,” Leder said. “With this version, most of it takes place in the last 24 hours of the war. WWI fighting was brutal, hand-to-hand and ugly, and it practically wiped out a generation of young men. What is so compelling is the catastrophic levels of violence, this mind-numbing savagery, and what happens to a boy who in the journey to becoming a man has to become an animal. War destroys the humanity of this young man, stripping away his ability to feel, and making him act like a beast. Taken with the emotionality of how this young boy joined the war out of nationalism as many of our boys do to keep America safe, there is a message here about what happens to them and the politicians who are making war. It’s alarming how little this has changed. There is an opportunity to make a great film about war, but it is also an anti-war film, an un-romanticized version of war and its consequences.”

Leder said the goal is to start production in late 2012, possibly in Europe. “We need a battlefield and an old village, so we’ll go where the financing takes us,” Leder told me. She’s repped by CAA and Industry Entertainment.