Current:Home > MyLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Mastery Money Tools
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-18 17:31:55
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! (776)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- A manipulated video shared by Musk mimics Harris’ voice, raising concerns about AI in politics
- US gymnast Paul Juda came up big at Olympic qualifying. But 'coolest thing is yet to come'
- 3 Members of The Nelons Family Gospel Group Dead in Plane Crash
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Why Olympian Jordan Chiles Almost Quit Gymnastics
- New ‘Dexter’ sequel starring Michael C. Hall announced at Comic-Con
- A strike from Lebanon killed 12 youths. Could that spark war between Israel and Hezbollah?
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Utility regulators file complaint against natural gas company in fatal 2021 blast in Pennsylvania
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- New ‘Dexter’ sequel starring Michael C. Hall announced at Comic-Con
- Nevada attorney general appeals to state high court in effort to revive fake electors case
- Should Companies Get Paid When Governments Phase Out Fossil Fuels? They Already Are
- What do we know about the mysterious drones reported flying over New Jersey?
- Even on quiet summer weekends, huge news stories spread to millions more swiftly than ever before
- Poppi teams with Avocado marketer to create soda and guacamole mashup, 'Pop-Guac'
- Katie Ledecky wins 400 free bronze in her first Olympic final in Paris
Recommendation
The Best Stocking Stuffers Under $25
Tom Cruise, John Legend among celebrities on hand to watch Simone Biles
UFC 304 live results: Early prelims underway; match card, what to know
Pilot dead after helicopter crashed in upstate New York
New data highlights 'achievement gap' for students in the US
She died riding her beloved horse. Now, it will be on Olympic stage in her memory.
American Morelle McCane endured death of her brother during long road to Olympics
Thrilling performances in swimming relays earn Team USA medals — including first gold