Current:Home > ScamsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -MoneyMatrix
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-14 14:13:25
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! (962)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Family hopeful after FBI exhumes body from unsolved 1969 killing featured in Netflix’s ‘The Keepers’
- Finland reports a rush of migrant crossings hours before the reclosure of 2 border posts with Russia
- Arkansas Republican who wanted to suspend funds to libraries suing state confirmed to library board
- B.A. Parker is learning the banjo
- Queen Camilla is making her podcast debut: What to know
- New York’s Metropolitan Museum will return stolen ancient sculptures to Cambodia and Thailand
- New York doctor, wife who appeared on Below Deck charged with fake opioid prescription scheme
- All That You Wanted to Know About She’s All That
- Minnesota edges close to picking new state flag to replace design offensive to Native Americans
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Lawsuit says prison labor system in Alabama amounts to 'modern-day form of slavery'
- A Thai senator linked to a Myanmar tycoon is indicted for drug trafficking and money laundering
- Dramatic life change for Tourette syndrome teen after deep brain stimulator implanted
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Taraji P. Henson talks about her Hollywood journey and playing Shug Avery in The Color Purple
- Georgia election workers’ defamation case against Giuliani opens second day of damages deliberations
- Messi's busy offseason: Inter Miami will head to Japan and Apple TV reveals new docuseries
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Apple adds Stolen Device Protection feature to new iOS beta
This organization fulfills holiday wish lists for kids in foster care – and keeps sending them gifts when they age out of the system
Heidi Montag Makes Dig at Ozempic Users After 22-Pound Weight Loss
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
South Korea scrambles jets as China and Russia fly warplanes into its air defense zone
Finland reports a rush of migrant crossings hours before the reclosure of 2 border posts with Russia
Woman killed by crossbow in western NY, and her boyfriend is charged with murder