Current:Home > NewsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -MacroWatch
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-12 21:28:22
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! (2822)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- 8 Akron police officers involved in Jayland Walker shooting are back on active duty
- 'The Voice': Gwen Stefani threatens to 'spank' singer Chechi Sarai after 'insecure' performance
- Six-week abortion ban will remain in Georgia for now, state Supreme Court determines
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Mexico deploys 300 National Guard troopers to area where 13 police officers were killed in an ambush
- Nichole Coats’ Cause of Death Revealed After Model Was Found Dead in Los Angeles Apartment
- Homebuying has become so expensive that couples are asking for help in their wedding registry
- Nevada attorney general revives 2020 fake electors case
- France’s Macron seeks international support for his proposal to build a coalition against Hamas
Ranking
- Intellectuals vs. The Internet
- Born after Superstorm Sandy’s destruction, 2 big flood control projects get underway in New Jersey
- Diamondbacks shock Phillies in NLCS Game 7, advance to first World Series since 2001
- Why this NBA season is different: There's an in-season tournament and it starts very soon
- The Grammy nominee you need to hear: Esperanza Spalding
- Inside Israel's Palmachim Airbase as troops prepare for potential Gaza operations against Hamas
- Sam Bankman-Fried will testify in his own defense, lawyers say
- AI could help doctors make better diagnoses
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Lil Wayne wax figure goes viral, rapper seemingly responds: 'You tried'
Senate votes 98-0 to confirm Biden’s nominee to run the Federal Aviation Administration
Immigrants are coming to North Dakota for jobs. Not everyone is glad to see them
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Vietnam’s Vinfast committed to selling EVs to US despite challenges, intense competition
Judge strikes down recent NYC rules restricting gun licensing as unconstitutional
Japan’s top court to rule on law that requires reproductive organ removal for official gender change