Current:Home > ContactLisa Marie Presley's Estate Sued Over $3.8 Million Loan -MoneyMentor
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-27 16:44:02
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! (5)
Related
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Loungefly’s Hauntingly Cute Halloween Collection 2024: Disney, Sanrio, Coraline & More — All on Sale Now
- Harvey Weinstein set to be arraigned on additional sex crimes charges in New York
- How much do you tip? If you live in these states, your answer may be lower.
- Trump's 'stop
- RHOSLC Alum Monica Garcia Returning to TV in Villainous New Role
- Sean ‘Diddy’ Combs’ indictment alleges he used power to build empire of sexual crime
- Iconic Tupperware Brands seeks Chapter 11 bankruptcy
- North Carolina justices rule for restaurants in COVID
- Eagles' Nick Sirianni explains why he didn't address players following loss to Falcons
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- City approves plan for Oklahoma hoops, gymnastics arena in $1.1B entertainment district
- Phoenix could finally break its streak of 100-degree days
- Halle Berry Reveals Hilarious Mom Mistake She Made With 16-Year-Old Daughter Nahla
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Man who sold fentanyl-laced pill liable for $5.8 million in death of young female customer
- Singer JoJo Addresses Rumor of Cold Encounter With Christina Aguilera
- California governor signs laws to crack down on election deepfakes created by AI
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
What time does 'The Golden Bachelorette' start? Premiere date, cast, where to watch and stream
Lack of citizenship documents might keep many from voting in Arizona state and local races
What time does 'The Golden Bachelorette' start? Premiere date, cast, where to watch and stream
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Prosecutors charge 10 with failing to disperse during California protest
Winning numbers for Sept. 17 Mega Millions drawing: Jackpot rises to $31 million
Dancing With the Stars' Gleb Savchenko Shares Message to Artem Chigvintsev Amid Divorce