Current:Home > reviewsLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Ascend Finance Compass
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-14 17:55:48
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! (24)
Related
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Ex-day care worker convicted in death of 1-year-old girl left in van on scorching day
- How Pregnant Vanessa Hudgens Feels About Her Kids Watching Her Movies One Day
- Senate border bill vote fails again as Democrats seek to shift blame to GOP
- Could your smelly farts help science?
- A’s face tight schedule to get agreements and financing in place to open Las Vegas stadium on time
- A UK election has been called for July 4. Here’s what to know
- Brittany Mahomes Shares Sweet Insight Into Family Life With Patrick Mahomes, Kids and Dogs
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Norfolk Southern agrees to $310 million settlement in Ohio train derailment and spill
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- NOAA 2024 hurricane season forecast warns of more storms than ever. Here's why.
- Rod Serling, veteran: 'Twilight Zone' creator's unearthed story examines human cost of war
- Yep, Lululemon Has the Best Memorial Day Scores, Including $29 Tank Tops, $34 Bodysuits & More
- Questlove charts 50 years of SNL musical hits (and misses)
- New Zealand man filmed trying to body slam killer whale in shocking and stupid incident
- Dashcam video shows Scottie Scheffler's arrest; officials say detective who detained golf star violated bodycam policy
- Little or no experience? You're hired! Why companies now opt for skills over experience
Recommendation
Federal hiring is about to get the Trump treatment
Arizona doctors can come to California to perform abortions under new law signed by Gov. Newsom
Diaper maker will spend $418 million to expand its Georgia factory, hiring 600
Justice Department sues Live Nation and Ticketmaster for monopolizing concert industry
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Fate of lawsuit filed by Black Texas student punished over hairstyle in hands of federal judge
Florida attorney general says state will investigate Starbucks for DEI practices
Defunct 1950s-era cruise ship takes on water and leaks pollutants in California river delta