American Pie actress Tara Reid is suing the owners of a Las Vegas condominium project over an ad that appears to be a reference to the accidental exposure of her breast on the red carpet last year. 29-year-old Reid claims her dress strap slipped unintentionally as she was walking the red carpet at P. Diddy’s 35th birthday party last November.

According to the lawsuit, filed in Los Angeles Superior Court on Wednesday, Reid "has suffered injury to her business in that she has lost value of her reputation" as a result of the advertisement for Sky Las Vegas Condominiums, a 405-unit luxury high-rise development, that reads, "Dear Tara Reid. Come let it all hang out."  As reports E! Online, the actress complains that the company took advantage of her misfortune and made it look as if she intentionally bared her bosom.

"This advertisement is defamatory because the language carried a defamatory meaning to those who read them rather than an innocent meaning by implying that plaintiff is sexually lewd or immoral," the suit asserts.

Reid wants a judge to put a ban on future ads from Sky using her name as well as get a monetary compensation from the company.

Sky Las Vegas spokeswoman Bea Goodwin said, "We have received no notification and no documentation about the lawsuit, and therefore we have no comment."