Current:Home > ContactLisa Marie Presley's Estate Sued Over $3.8 Million Loan -AssetLink
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-25 01:45:17
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! (4333)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Revitalizing a ‘lost art’: How young Sikhs are reconnecting with music, changing religious practice
- West Virginia approves more pay for corrections workers as lawsuit is filed over conditions
- Pence is heading to the debate stage, SCOTUS backs Biden on 'ghost guns': 5 Things podcast
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Insurance settlement means average North Carolina auto rates going up by 4.5% annually
- 'The Boys' 'Gen V' has its first trailer—here's how to watch
- When do new 'Only Murders in the Building' episodes come out? Season 3 cast, schedule, how to watch
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- As a writer slowly loses his sight, he embraces other kinds of perception
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Tory Lanez Sentenced to 10 Years in Prison for Megan Thee Stallion Shooting
- Let Us Steal You For a Second to See Nick Viall's Rosy Reaction to Natalie Joy's Pregnancy
- 3 fishermen plucked from Atlantic waters off Nantucket by Coast Guard helicopter crew
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- When do new 'Only Murders in the Building' episodes come out? Season 3 cast, schedule, how to watch
- More than 40,000 Americans are genetically related to 27 enslaved people excavated from Maryland
- Cause of death revealed for Robert De Niro's grandson Leandro
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
This Samsung Galaxy Z Fold 5 pre-order deal saves you up to $1,050
Octavia Spencer Says Her Heart Is Broken for Sandra Bullock After Soulmate Bryan Randall's Death
University of Michigan threatens jobs of striking graduate instructors
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Sandra Bullock's longtime partner Bryan Randall dies at 57 after battle with ALS
Sinéad O'Connor Laid to Rest in Private Ceremony Attended by U2's Bono
A Tree Grows in Birmingham