Current:Home > NewsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -OceanicInvest
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-13 23:11:27
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! (661)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Hailey Bieber and Justin Bieber Celebrate 6th Wedding Anniversary After Welcoming First Baby
- The Flash’s Grant Gustin and Wife LA Thoma Welcome Baby No. 2
- Texas’ battle against deer disease threatens breeding industry
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Are California prisons stiffing inmates on $200 release payments? Lawsuit says they are
- As civic knowledge declines, programs work to engage young people in democracy
- Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Conservancy, landlord headed to mediation amid ongoing rent dispute for historic ocean liner
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- Jurors help detain a man who flees a Maine courthouse in handcuffs
- A tech company hired a top NYC official’s brother. A private meeting and $1.4M in contracts followed
- Kansas cold case ends 44 years later as man is sentenced for killing his former neighbor in 1980
- 'We're reborn!' Gazans express joy at returning home to north
- Gunman says he heard ‘killing voices’ before Colorado supermarket shooting
- What exactly is soy lecithin? This food additive is more common than you might think.
- A cat named Drifter is safe after sneaking out and getting trapped in a sewer for nearly 8 weeks
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Boar's Head to close Virginia plant linked to listeria outbreak, 500 people out of work
Retired Oklahoma Catholic bishop Edward Slattery dies at 84
Proof Meryl Streep and Martin Short Will Be Closer Than Ever at the 2024 Emmys
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Man drives pickup truck onto field at Colorado Buffaloes' football stadium
Dancing With the Stars' Artem Chigvintsev Responds to Nikki Garcia’s Divorce Filing
China is raising its retirement age, now among the youngest in the world’s major economies