I didn't even know they were remaking Leprechaun. Ugh ffs.
Anyway, long story short is Zach Lipovsky has secured the director's chair for the upcoming remake which will star WWE star Hornswoggle in the title role. Lipovsky was a finalist on the Steven Spielberg reality show On the Lot in which the prize was a development deal with Dreamworks. He has also done numerous visual effects for several short films along with directing a few TV movies.
All other details are being kept pretty well under wraps right now.