Current:Home > FinanceLisa Marie Presley's Estate Sued Over $3.8 Million Loan -USAMarket
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-17 07:52:39
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! (54573)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Louisville police suspend officer who fired weapon during 2023 pursuit, injuring 2 teens
- 2 children, 2 women face charges in beating death of 3-year-old toddler in Louisiana
- How many dogs are euthanized in the US every year? In 2023, the number surpassed cats
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Proof Meghann Fahy’s Romance With White Lotus Costar Leo Woodall Is Blooming
- NBA MVP rankings: With Joel Embiid out of running there are multiple deserving candidates
- Michael J. Fox gets out of wheelchair to present at BAFTAs, receives standing ovation
- Meta releases AI model to enhance Metaverse experience
- Alexey Navalny's team confirms the death of Putin critic, says his mother is searching for his body
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Car insurance prices soar even as inflation eases. Which states have the highest rates?
- 2 adults are charged with murder in the deadly shooting at Kansas City’s Super Bowl celebration
- Texas A&M-Commerce, Incarnate Word players brawl during postgame handshakes
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Want to retire with a million bucks in the bank? Here's one tip on how to do it.
- Want to retire with a million bucks in the bank? Here's one tip on how to do it.
- NASA looking for 4 volunteers to spend a year living and working inside a Mars simulator
Recommendation
Intel's stock did something it hasn't done since 2022
Texas authorities find body of Audrii Cunningham, 11, who had been missing since last week
Alexey Navalny's widow says Russia hiding his body, refusing to give it to his mother
Giants' top exec jokes that relentless self-promotion helped fuel Pablo Sandoval's return
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
'That '70s Show' actor Danny Masterson transferred out of maximum security prison
Full transcript of Face the Nation, Feb. 18, 2024
Today's Hoda Kotb Reacts to Kelly Rowland Dressing Room Drama