Borenstein was announced as writer over a year ago, which is a fairly long time to just now be turning in a script. However other things may have come up especially if this wasn't rushed. Also, this may be a second draft or more, taking into account feedback. It may also not be a final draft, for what it is worth.
It is interesting that the logline got updated at some point. The original possibly was just a filler blurb, with no real indication of the direction they were going though the genre listings were thriller/drama/crime. But now it seems to be more comedic:
Comedy in the vein of CATCH ME IF YOU CAN meets RISKY BUSINESS about a nerd who ends up becoming an international bank robber, jewel thief, and credit scammer.
As I love Catch Me If You Can, I welcome this development and of course Zac has the charisma to pull that kind of role off. Anyway, no matter what the exact status it is always great to hear of progress on Zac's projects.
Also this showed up on Twitter:
So I guess they're already prepping some promo for TLO which is awesome. I have heard that Zac also did a photoshoot though I don't have many details, like whether it is something for NYE (seems kind of late) or TLO.