Current:Home > ScamsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Nova Finance Academy
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-18 21:48:03
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! (991)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- What worries medical charities about trying to help Syria's earthquake survivors
- What is Juneteenth? Learn the history behind the federal holiday's origin and name
- Is Climate Change Fueling Tornadoes?
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Scientists Track a Banned Climate Pollutant’s Mysterious Rise to East China
- Wedding costs are on the rise. Here's how to save money while planning
- On 3/11/20, WHO declared a pandemic. These quotes and photos recall that historic time
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Q&A: Denis Hayes, Planner of the First Earth Day, Discusses the ‘Virtual’ 50th
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Exxon Loses Appeal to Keep Auditor Records Secret in Climate Fraud Investigation
- Shoppers Love These Exercise Dresses for Working Out and Hanging Out: Lululemon, Amazon, Halara, and More
- Country Singer Jimmie Allen Apologizes to Estranged Wife Alexis for Affair
- A South Texas lawmaker’s 15
- Some adults can now get a second shot of the bivalent COVID-19 vaccine
- NFL Legend Jim Brown Dead at 87
- Lowe’s, Walgreens Tackle Electric Car Charging Dilemma in the U.S.
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Jill Duggar and Derick Dillard Celebrate Her Birthday Ahead of Duggar Family Secrets Release
A veterinarian says pets have a lot to teach us about love and grief
What is Juneteenth? Learn the history behind the federal holiday's origin and name
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Megan Fox Rocks Sheer Look at Sports Illustrated Event With Machine Gun Kelly
Scientists Track a Banned Climate Pollutant’s Mysterious Rise to East China
Clinics on wheels bring doctors and dentists to health care deserts