The lawsuit, filed in Los Angeles by Pacifica Mesa Studios LLC, alleges Nick Smerigan and brothers Jeremy and Jason Hariton caused the losses but does not describe when and what business was routed to other studios.
Smerigan was Albuquerque Studios' chief operating officer, Jeremy Hariton was executive director of studio operations and Jason Hariton was vice president for operations.
The lawsuit alleges Smerigan told his bosses he was being paid for working for competitors the day before abruptly leaving Albuquerque Studios on Jan. 22.
The trio's attorney, Rick Kurshner, said the lawsuit has no factual basis.
"I can tell you the facts that are alleged in the lawsuit that would constitute damage to Pacifica Mesa are untrue and that the legal theory behind the lawsuit is unfounded," Kurshner said.
Hal Katersky, co-founder and chairman of Albuquerque Studios' parent company, Pacifica Ventures, said the three were building their business on the company's dime.
Smerigan and his wife Gail announced the formation of RoadTown Enterprises, a construction management, design and studio-marketing business, three months after leaving Albuquerque Studios.