Richard Ledes is directing from a screenplay he co-wrote with Alan Didier-Weill, with Belladonna Productions' Linda Moran and Rene Bastian serving as producers.
Langella, hot off a Tony best actor win at the weekend for his portrayal of Richard Nixon in Frost/Nixon, plays a whistle-blower at an international energy corporation.
Ledes previously directed the comedy A Hole In One starring Michelle Williams and Meat Loaf, which premiered at the 2005 Tribeca Film Festival.
Belladonna Productions founders Linda Moran and Rene Bastian's credits include Transamerica, A Guide To Recognizing Your Saints, and the remake of Michael Haneke's Funny Games.
On The Hook will continue to shoot in New York through July.