Current:Home > ScamsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -EliteFunds
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-13 19:52:44
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! (8579)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- King Charles III Shares Insight Into Queen Elizabeth’s Final Days 2 Years After Her Death
- Identical Twin Influencers Defend Decision to Share Underwear and One Bra
- Hall of Fame center Dikembe Mutombo dies of brain cancer at 58
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- No arrests in South Africa mass shootings as death toll rises to 18
- Fed Chair Powell says the US economy is in ‘solid shape’ with more rate cuts coming
- Angelina Jolie was 'scared' to sing opera, trained 7 months for 'Maria'
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- 'It was really surreal': North Carolina residents watched floods lift cars, buildings
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Paris Jackson Shares Sweet Reason Dad Michael Jackson Picked Elizabeth Taylor to Be Her Godmother
- Las Vegas memorial to mass shooting victims should be complete by 10th anniversary
- Dikembe Mutombo, a Hall of Fame player and tireless advocate, dies at 58 from brain cancer
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- The Latest: Harris, Trump shift plans after Hurricane Helene’s destruction
- No arrests in South Africa mass shootings as death toll rises to 18
- Tyler Cameron’s Girlfriend Tate Madden Shares Peek Inside Their Romance
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Madelyn Cline Briefly Addresses Relationships With Pete Davidson and Chase Stokes
National Taco Day deals 2024: $1 tacos at Taco Bell, freebies at Taco John's, more
Kris Kristofferson was ‘a walking contradiction,’ a renegade and pilgrim surrounded by friends
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Here’s how Helene and other storms dumped a whopping 40 trillion gallons of rain on the South
Pete Rose dies at 83: Social media mourns MLB, Reds legend
Judge in Alaska sets aside critical habitat designation for threatened bearded, ringed seals