Current:Home > InvestLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Pinnacle Profit Strategies
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-28 00:28:07
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! (1)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Michigan soldier killed in Korean War to be buried next week at Arlington National Cemetery
- Michigan soldier killed in Korean War to be buried next week at Arlington National Cemetery
- Lebanon’s Christians feel the heat of climate change in its sacred forest and valley
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Mental evaluation ordered for Idaho man charged with murder in shooting death of his pregnant wife
- Move over, Mariah. Brenda Lee's 'Rockin' Around the Christmas Tree' is No. 1
- Minnesota, Wisconsin wildlife officials capture 100s of invasive carp in Mississippi River
- Trump wants to turn the clock on daylight saving time
- Nick Saban's phone flooded with anonymous angry calls after Alabama coach's number leaked
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Macaulay Culkin Shares What His and Brenda Song's Son Can't Stop Doing After His Public Debut
- UConn falls to worst ranking in 30 years in women’s AP Top 25; South Carolina, UCLA stay atop poll
- NFL official injured in Saints vs. Lions game suffered fractured fibula, to have surgery
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Former U.S. ambassador Manuel Rocha arrested, accused of serving as agent of Cuba, sources say
- Spotify to lay off 17% of its workforce in latest cuts for music streaming giant
- Magnitude 5.1 earthquake felt widely across Big Island of Hawaii; no damage or risk of tsunami
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Supreme Court hears a case that experts say could wreak havoc on the tax code
Coach Outlet’s Holiday Gift Guide Has the Perfect Gifts for Everyone on Your Nice List
Man featured in ‘S-Town’ podcast shot and killed by police during standoff, authorities say
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Handcuffed and sent to the ER – for misbehavior: Schools are sending more kids to the hospital
Woman killed in shark attack while swimming with young daughter off Mexico's Pacific coast
Idaho baby found dead a day after Amber Alert was issued, father in custody: Authorities