Fox Searchlight and Camelot Pictures are co-financing "Margaret," a Kenneth Lonergan-directed drama that begins filming next month in New York. Anna Paquin, Matt Damon, Mark Ruffalo, J. Smith-Cameron and Jeannie Berlin are all currently firming up deals to star according to Variety.

The drama revolves around a teen, her actress mother and the girl who tries to make amends for her complicity in a terrible traffic accident. Lonergan wrote the script for "Margaret" and has worked for two years with the producers to pull it together.

Scott Rudin and Sydney Pollack will produce, Anthony Minghella and Dan Halsted will executive produce and Fox Searchlight will distribute. Its not sure how the filming will fit into Paquin & Damon's schedules with them currently filming "X3" and "The Good Shepherd" respectively.

Thanks to 'Nick'.