Current:Home > MyLisa Marie Presley's Estate Sued Over $3.8 Million Loan -AssetTrainer
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-19 11:30:46
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! (751)
prev:Intellectuals vs. The Internet
next:Sam Taylor
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Christina Applegate Suffering From Gross Sapovirus Symptoms After Unknowingly Ingesting Poop
- Youngkin will visit Europe for his third international trade mission as Virginia governor
- How Republican-led states far from the US-Mexico border are rushing to pass tough immigration laws
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Inside Coachella 2024's biggest moments
- The Recovering America’s Wildlife Act Is Still a Bipartisan Unicorn
- Supreme Court to weigh Trump immunity claim over 2020 election prosecution. Here are the details.
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Indiana man accused of shooting neighbor over lawn mowing dispute faces charges: Police
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- NBA playoffs Tuesday: Timberwolves take 2-0 lead on Suns; Pacers even series with Bucks
- Prime energy, sports drinks contain PFAS and excessive caffeine, class action suits say
- The summer after Barbenheimer and the strikes, Hollywood charts a new course
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Justice Department to pay $138.7 million to settle with ex-USA gymnastics official Larry Nassar victims
- Supreme Court will consider when doctors can provide emergency abortions in states with bans
- Cristian Măcelaru to become music director of Cincinnati Symphony Orchestra in 2025-26
Recommendation
The Super Bowl could end in a 'three
Save $126 on a Dyson Airwrap, Get an HP Laptop for Only $279, Buy Kate Spade Bags Under $100 & More Deals
Hazing concerns prompt University of Virginia to expel 1 fraternity and suspend 3 others
Blinken begins key China visit as tensions rise over new US foreign aid bill
Former Danish minister for Greenland discusses Trump's push to acquire island
Arizona Democrats poised to continue effort to repeal 1864 abortion ban
US banning TikTok? Your key questions answered
Where are the cicadas? Use this interactive map to find Brood XIX, Brood XIII in 2024