According to the suit, the defendants "knowingly produced, possessed and advertised commercial child pornography depicting Spencer, and they knowingly received value in exchange for doing so …
"Despite this knowledge, defendants failed to take reasonable steps to protect Spencer and prevent his widespread sexual exploitation and image trafficking."
Elden also claims the band forced him to engage in "commercial sex acts" and that they went back on their promise to conceal his genitalia on the album cover.
"The permanent harm he has proximately suffered includes but is not limited to extreme and permanent emotional distress with physical manifestations, interference with his normal development and educational progress, lifelong loss of income earning capacity, loss of past and future wages, past and future expenses for medical and psychological treatment, loss of enjoyment of life, and other losses to be described and proven at trial of this matter," the document read.
In 2016, Elden paid homage to the album that featured hit songs Smells Like Teen Spirit and Lithium by recreating the photoshoot in swimmers.
At the time, he explained: "I said to the photographer, 'Let's do it naked.' But he thought that would be weird, so I wore my swim shorts," Elden said of the shoot at the time.
"The anniversary means something to me. It's strange that I did this for five minutes when I was four months old and it became this really iconic image."
The infant's family was paid $US200 for the 15-second plunge in the pool, which only happened because Elden's dad was a friend of the photographer, according to a 2008 NPR report.
Despite seeming excited about the re-enactment, he now says said the original photo deeply impacted him.
"I'm pissed off about it, to be honest … I've been going through it my whole life. But recently I've been thinking, 'What if I wasn't OK with my freaking penis being shown to everybody?' I didn't really have a choice," he told Australia GQ.
Elden is seeking damages and an injunction to seek the band from profiting from the hit album.