Producers claim the actress agreed to star as the lead role in 10 Things I Hate About Life and was paid $300,000 upfront.
However, it is alleged that Wood didn't return to the production when filming resumed after a ten month hiatus last November.
Producers filed a 10-page suit asking the actress to pay attorney fees and damages on top of the sum.
Speaking to Deadline , a spokesperson for the actress described the lawsuit as "preposterous" and a "bullying tactic from financially troubled producers".
The original 10 Things I Hate About You
"The production shut down in February 2013 when the producers ran out of money," the spokesperson continued. "Even after that, Evan agreed to resume production in Nov. 2013 by which time the producers said they would have cleared up their issues.
"However, the producers still could not get their act together, nor did they pay Evan money that was owed. Repeated subsequent promises by the producers to resume production and pay Evan also turned out to be false.
"Enough is enough. The producers, not Evan, have breached contract."
The film is a sequel to the 1999 movie 10 Things I Hate About you which starred Heath Ledger and Julia Stiles.
Watch the trailer for 10 Things I Hate About You below.
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