Current:Home > NewsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Wealth Empowerment Zone
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-12 16:29:01
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! (3543)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Global Warming Set the Stage for Los Angeles Fires
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- B.A. Parker is learning the banjo
- The White House is cracking down on overdraft fees
- Trump invites nearly all federal workers to quit now, get paid through September
- A White House order claims to end 'censorship.' What does that mean?
- South Korean president's party divided over defiant martial law speech
Recommendation
The White House is cracking down on overdraft fees
2025 'Doomsday Clock': This is how close we are to self
2025 'Doomsday Clock': This is how close we are to self
Senate begins final push to expand Social Security benefits for millions of people
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Stamford Road collision sends motorcyclist flying; driver arrested
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Military service academies see drop in reported sexual assaults after alarming surge