Austin director Terrence Malick’s Sycamore Pictures is facing a lawsuit from investors who say that he has breached a contract to produce two 45-minute IMAX films as well as a feature film of 90 to 150 minutes titled "Voyage of Time."

The lawsuit, which was filed in U.S. District Court in New York on Friday, says that Malick told the investors, Seven Seas Partnership Limited, that the film project was "one of my greatest dreams" but that he did not devote the time necessary to complete the films over the last five years, and instead dedicated his time to other projects.

The lawsuit says that "Sycamore and Malick have sepnt more than $3.3 million" of Seven Seas funding "and $2.5 million from a not-for-profit foundation, with nothing to show for it." The suit is seeking more than $3.3 million in repayment of its investment.

The lawsuit says that "Voyage of Time" was supposed to portray "the events of our universal cosmic history, as well as the state of the earth now and the prospects for the future." The suit adds that Malick was to begin his movies with the start of the Big Bang and move forward to the "ascent of man," with poetic narration by a male and female "A-list" star.

Malick has not commented on the lawsuit. In a statement, Maura Wogan at Frankfurt Kurnit, representing Sycamore, said: "The claims of Seven Seas are without merit. The film was on budget, on schedule, and all funds were used appropriately. Additionally, Seven Seas’ decision to file this lawsuit under the cover of darkness and go public with accusations before presenting Sycamore with a copy of the suit itself speaks to the weakness of the allegations."

For a look at the lawsuit, go here.