The play, which centers on gun violence in American schools, has been in development at the Public this past year. Chloë Grace Moretz ("Let Me In," "Amityville Horror," "Kick-Ass") will star in the production that begins previews March 25 towards an April 15 opening. Performances are scheduled through April 27 in the Newman Theater.

"I wanted to write a play about the stories we tell each other in the face of calamity – the pretty lies and the brutal truths. This is something Steven and I have discussed over the last decade while making movies – What is the value of the truth? What is the cost of a lie? How does a story drift as it moves through time?" Burns said in a statement. "I am grateful for Steven and Chloë's collaboration – and we are all grateful that The Public Theater has given us a home. I can think of no better frame for what we are attempting than The Public."

Here's how the play is billed: "After Caitlin Gabriel (Moretz) survives a deadly shooting at her high school, she struggles to tell her story to her parents, the authorities and anyone who will listen. But there are other narratives that gain purchase in the media and paint her in a different light. Academy Award-winning Director Steven Soderbergh returns to the stage with this bold and chilling world premiere that asks us to examine our relationship to the truth and the lies that claim to heal us."

"The Library is about one of the most disturbing and important issues of our times – gun violence. The theatre, like our nation, needs to deal with this," Public artistic director Oskar Eustis said in a statement. "We are thrilled to welcome Steven Soderbergh and Scott Z. Burns, two magnificent cinematic masters, to The Public Theater. Chloë Grace Moretz is one of the most exciting young actors we have, and this production promises to be an extraordinary event."

Burns is the writer of "The Bourne Ultimatum," "Side Effects," "Contagion" and "The Man From U.N.C.L.E." Soderbergh is the Academy Award-winning director of "Traffic," as well as "Behind the Candelabra," "Erin Brockovich," "Sex, Lies, and Videotape" and "Magic Mike."

Tickets go on sale to the general public Feb. 4. For tickets phone (212) 967-7555 or visit PublicTheater.