Current:Home > reviewsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -MoneySpot
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-15 10:54:40
One month after the battle over Lisa Marie Presley's estate was settled, it's facing more legal difficulties.
Naussany Investments & Private Lending, LLC a lawsuit Sept. 18 alleging that the late singer—the daughter of Elvis Presley and Priscilla Presley—failed to pay back a $3.8 million loan before her death in January.
In their filing, obtained by E! News, the company alleges that Lisa Marie took out the loan in May 2018 and used her ownership stake in Elvis Presley Enterprises and Graceland, her late father's former home in Memphis, Tenn., as collateral.
Lisa Marie had until May 16, 2022, to pay off the $3.8 million, according to documents provided in the lawsuit, or risk them filing the Deed of Trust that was signed and notarized under an agreement to pay off the loan by the due date.
Naussany Investments & Private Lending, LLC states in their filing that they had not had contact with Lisa Marie since March 2022 and that several of their letters mailed to her business address in the Los Angeles area were refused and returned.
The group says in the lawsuit they would agree to a potential settlement arrangement that would avoid further legal action if her estate pays at least 75 percent of the loan balance, or $2.850 million, within 45 days.
Lisa Marie died at age 54 in January from complications resulting from small bowel obstruction, County of Los Angeles Medical-Examiner records showed. Following her death, a judge approved her eldest child Riley Keough to become the sole heir of her estate and the new owner of Graceland, ending a legal dispute over her will that her mother had brought into question.
But despite the disagreement over the estate, Priscilla made it clear that she has nothing but love for her eldest grandchild.
"Riley and I are on good terms," she explained to the Hollywood Reporter in an interview published in August. "We were never not on good terms. That was all publicity. This is private and this is not something to fool around with and say that we're not agreeing."
E! News has reached out to a reps for Lisa Marie's estate and Riley and has not heard back.
For the latest breaking news updates, click here to download the E! News AppveryGood! (5)
Related
- Highlights from Trump’s interview with Time magazine
- Historic Venezuelan refugee crisis tests U.S. border policies
- Get (on) my swamp! You can book Shrek's home on Airbnb this fall
- Hunter Biden sues Rudy Giuliani in latest 'laptop' salvo
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Kim Zolciak Files to Dismiss Kroy Biermann Divorce for a Second Time Over NSFW Reason
- Musk’s X is the biggest purveyor of disinformation, EU official says
- Lady A singer Charles Kelley celebrates 1 year sober: 'Finding out who I really am'
- This was the average Social Security benefit in 2004, and here's what it is now
- Job alert! Paris Olympics are looking for cooks, security guards and others to fill 16,000 vacancies
Ranking
- Average rate on 30
- Cold case: 5 years after pregnant Chicago woman vanished, her family is still searching
- Australian scientists discover rare spider fossil that could be up to 16 million years old
- Oil tanker crew member overboard prompts frantic search, rescue off Boston
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Deion Sanders discusses opposing coaches who took verbal shots at him: 'You know why'
- Eagles vs. Buccaneers, Bengals vs. Rams Monday Night Football highlights
- 100 Jewish leaders call out Elon Musk for antisemitism on X, formerly Twitter: We have watched in horror
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
O'Reilly Auto Parts worker charged in strangulation death of suspected shoplifter
Ex-prosecutor who resigned from Trump-Russia probe nears confirmation to Connecticut’s Supreme Court
Oklahoma City Council sets vote on $900M arena to keep NBA’s Thunder through 2050
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Less-redacted report on Maryland church abuse still redacts names of church leaders
College football bowl projections: Playoff field starts to take shape after Week 4
Hunter Biden sues Rudy Giuliani in latest 'laptop' salvo