James Franco has purchased the rights to Stephen Elliott's strange murder mystery memoir The Adderall Diaries. According to Deadline, the actor, who is garnering Oscar buzz for his performance in this fall's 127 Hours, plans to star in, produce, and direct the project.

The Adderall Diaries: A Memoir of Moods, Masochism, and Murder, follows the murder trail of Hans Reiser, a programmer accused of killing his wife. Not long into the trial, the defendant's friend Sean Sturgeon decided to confess to a number of murders, though none of them being Reiser's wife. Stephen Elliott, who ran in the same BDSM social circle as Sturgeon, got caught up in the trail, and turned his view of it into a rambling dissertation on his own life and his drug intake.

No other production information has been announced about the proposed movie, other than James Franco's involvement in buying the rights. We will keep you updated as more news breaks.