Riley Keough, the granddaughter of Elvis Presley, is fighting plans to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock ’n’ roll's former home as collateral was not repaid. (Shutterstock)
- Riley Keough, the granddaughter of Elvis Presley, is fighting plans to publicly auction his Graceland estate in Memphis.
- A public auction for the estate had been scheduled, but Keough sought a temporary restraining order and filed a lawsuit.
- Graceland opened as a museum and tourist attraction in 1982 as a tribute to Elvis Presley.
Share
Getting your Trinity Audio player ready...
|
MEMPHIS — Riley Keough, the granddaughter of Elvis Presley, is fighting plans to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock ’n’ roll’s former home as collateral was not repaid.
A public auction for the estate had been scheduled for Thursday this week, but a Memphis judge blocked the sale after Keough sought a temporary restraining order and filed a lawsuit, court documents show.
Related Story: Lisa Marie Presley, Singer and Daughter of Elvis, Dies at 54
A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan.
Keough inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year. Lisa Marie Presley had used Graceland as collateral for the loan, the lawsuit said.
Allegations of Fraudulent Documents
Naussany Investments and Private Lending said Lisa Marie Presley failed to pay back the loan and sought to sell the estate on the courthouse steps, according to the foreclosure sale notice. Keough, on behalf of the Promenade Trust, sued last week, claiming that Naussany presented fraudulent documents regarding the loan and unpaid sum in September 2023.
“These documents are fraudulent,” Keough’s lawyer wrote in a lawsuit. “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”
W. Bradley Russell, a lawyer for Naussany Investments, declined comment Tuesday.
Kurt Naussany, who was identified in court documents as a defendant, directed questions in an email to Gregory Naussany. Gregory Naussany told The Associated Press in an email: “The attorneys can make comment!”
An injunction hearing is scheduled for Wednesday in Shelby County Chancery Court.
Elvis Presley Enterprises Responds
“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud,” Elvis Presley Enterprises Inc. said in a statement Tuesday.
Graceland opened as a museum and tourist attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It draws hundreds of thousands of visitors each year.
RELATED TOPICS:
The Best Way to Keep Congress From Getting Things Done
7 hours ago
Eddie’s Journey: Senior Poodle Seeks a Loving Forever Home
7 hours ago
No Drug Screen and Treatment – No Money. Should Valley’s Poorest Be Tested to Receive Public Aid?
8 hours ago
Parking Wars, Fresno Edition. Heavyweights Head to Court.
23 hours ago
Fresno County Traffic Bust Yields $1.6M in Cocaine From Canadian Suspect
1 day ago
Stock Market Today: Dow Sets a Record as Wall Street Drifts to the Finish of Another Winning Week
1 day ago
California Governor Vetoes Bill Requiring Speeding Alerts in New Cars