The nonfiction bestseller is about a group of Wall Street guys who grew frustrated by a loophole that gave traders the opportunity to game the stock market. They banded together to reform the financial markets by creating an exchange that rendered impotent the act of high-frequency trading, a growing form of trading that gave insiders an advantage. Lewis wrote The Big Short, and Flash Boys was viewed as the antithesis of the practices that created the 2008 financial crisis. The Flash Boys walked away from huge-money jobs to use their expertise to investigate big banks, stock exchanges and high-frequency trading firms. They peeled back the layers to bare why many feel that Wall Street is such a rigged game.
The book was originally bought at auction by Sony in 2014. It comes to Netflix free and clear with no producers, and Jacoby is starting from scratch. Aside from The Big Short, books by Lewis that were turned into hit films include Moneyball and The Blind Side.
Jacoby made the Black List with his script Newsflash, which has David Gordon Green attached to direct a drama about CBS News’ coverage of the assassination of President John F. Kennedy, which established network TV news. Seth Rogen will play Walter Cronkite, Bryan Cranston will play CBS News exec Jim Aubrey and Logan Lerman will also star, with Adam Kolbrenner of Madhouse and Greg Silverman of Stampede producing.
Jacoby also wrote The Ravine, a Chinatown-like look at how landowners were pushed out of Chavez Ravine to make room for the Dodgers baseball team that was moving out of Brooklyn. He has also written on projects including Misanthrope, which FilmNation is developing for Damien Szifron, The First Omen and Doctors, both for Fox.
Jacoby is repped by Verve, Madhouse and attorney Lev Ginsburg.