Current:Home > ScamsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -FutureProof Finance
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-18 06:03:23
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! (19677)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Civil rights icon Malcolm X gets a day of recognition in Nebraska, where he was born in 1925
- Vulnerable veteran with dementia dies after body slam by Birmingham officer
- A mom called 911 to get her son mental health help. He died after police responded with force
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- An Oil Company Executive Said the Energy Transition Has Failed. What’s Really Happening?
- The Daily Money: When retirement is not a choice
- What caused the Dali to slam into Baltimore's Francis Scott Key Bridge? What we know about what led up to the collapse
- A White House order claims to end 'censorship.' What does that mean?
- A man fired by a bank for taking a free detergent sample from a nearby store wins his battle in court
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Twenty One Pilots announces 'Clancy' concert tour, drops new single
- Democrat who campaigned on reproductive rights wins special election for Alabama state House seat
- From Michigan to Nebraska, Midwest States Face an Early Wildfire Season
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Potential Changes to Alternate-Fuel Standards Could Hike Gas Prices in California. Critics See a ‘Regressive Tax’ on Low-Income Communities
- Democrat who campaigned on reproductive rights wins special election for Alabama state House seat
- Video shows 'Cop City' activists chain themselves to top of 250-foot crane at Atlanta site
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Guatemala's president says U.S. should invest more to deter migration
A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
This is how reporters documented 1,000 deaths after police force that isn’t supposed to be fatal
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Usher has got it bad for Dave's Hot Chicken. He joins Drake as newest celebrity investor
Women's Sweet 16: Reseeding has South Carolina still No. 1, but UConn is closing in
Four students arrested and others are suspended following protest at Vanderbilt University