Current:Home > ScamsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -WealthEdge Academy
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-25 22:07:26
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! (6443)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Democratic incumbent and GOP challenger to hold the only debate in Nevada’s US Senate race
- 3 workers remain hospitalized after collapse of closed bridge in rural Mississippi killed co-workers
- CVS Health CEO Lynch steps down as national chain struggles to right its path
- Highlights from Trump’s interview with Time magazine
- Macy's Thanksgiving Day Parade lineup will include Minnie Mouse — finally
- These Sweet Sabrina Carpenter and Barry Keoghan Pics Will Have You Begging Please Please Please for More
- Bachelor Nation’s Carly Waddell Engaged to Todd Allen Trassler
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- After hurricane, with no running water, residents organize to meet a basic need
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Horoscopes Today, October 17, 2024
- Megan Marshack, aide to Nelson Rockefeller who was with him at his death in 1979, dies at 70
- Yankees don't have time to lick their wounds after gut-punch Game 3 loss
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- How Larsa Pippen Feels About “Villain” Label Amid Shocking Reality TV Return
- Funeral home owner accused of leaving body in hearse set to enter plea in court
- Rita Ora Leaves Stage During Emotional Performance of Liam Payne Song
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Dodgers one win from World Series after another NLCS blowout vs. Mets: Highlights
Trump is consistently inconsistent on abortion and reproductive rights
Liam Payne Death Case: Full 911 Call Released
Dick Vitale announces he is cancer free: 'Santa Claus came early'
State police officers who fatally shot man were legally justified to use deadly force, report says
South Carolina man gets life in prison in killing of Black transgender woman
Niall Horan's Brother Greg Says He's Heartbroken Over Liam Payne's Death