Current:Home > ScamsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Clarity Finance Guides
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-15 15:57:52
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! (5684)
Related
- Sam Taylor
- New York City Mayor Eric Adams is due back in court in his criminal case
- MLB postseason highlights: Padres, Mets secure big wins in Game 1 of wild-card series
- Daniel Day-Lewis Returning to Hollywood After 7-Year Break From Acting
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Video of Kentucky judge’s death shown at court hearing for the ex-sheriff charged in the case
- Why Rooney Mara and Joaquin Phoenix Are Sparking Wedding Rumors
- What is gabapentin? Here's why it's so controversial.
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- No one expects a judge’s rollback of Georgia’s abortion ban to be the last word
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Push to map Great Lakes bottom gains momentum amid promises effort will help fishing and shipping
- Video shows Russian fighter jet in 'unsafe' maneuver just feet from US Air Force F-16
- Doctor charged in connection with Matthew Perry’s death is expected to plead guilty
- The company planning a successor to Concorde makes its first supersonic test
- California lawmakers advance bill to prevent gas prices from spiking
- As dockworkers walk out in massive port strike, the White House weighs in
- What is the birthstone for October? Hint: There's actually two.
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
She lost her job after talking with state auditors. She just won $8.7 million in whistleblower case
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, College Food
Why T.J. Holmes Credits Amy Robach’s Daughter for Their Latest Milestone
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
What is gabapentin? Here's why it's so controversial.
US ‘Welcome Corps’ helps resettle LGBTQ+ refugees fleeing crackdowns against gay people
Why NCIS Alum Pauley Perrette Doesn't Want to Return to Acting