Current:Home > FinanceLisa Marie Presley's Estate Sued Over $3.8 Million Loan -Prime Money Path
Lisa Marie Presley's Estate Sued Over $3.8 Million Loan
View
Date:2025-04-23 21:44:41
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! (39626)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Jana Duggar Shares Peek Inside Romance With Husband Stephen Wissmann
- Zappos Labor Day 60% Off Sale: Insane Deals Start at $10 Plus $48 Uggs, $31 Crocs & $60 On Cloud Sneakers
- Falcons trading backup QB Taylor Heinicke to Chargers
- The White House is cracking down on overdraft fees
- Mike Tyson says he uses psychedelics in training. Now meet some of the others.
- How Patrick Mahomes Helps Pregnant Wife Brittany Mahomes Not Give a “F--k” About Critics
- No cupcakes at school for birthdays? Teacher says they're 'too messy' in viral video
- Small twin
- Cowboys to sign running back Dalvin Cook to one-year contract, per reports
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- US swimmers haul in silver, but an accusation of cheating becomes hurtful
- Watch this stranded dolphin saved by a Good Samaritan
- Nikki Garcia's Husband Artem Chigvintsev Arrested for Domestic Violence
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Pilot declared emergency before plane crash that killed 3 members of The Nelons: NTSB
- Robert Telles, ex-Las Vegas elected official, guilty in murder of journalist
- What to know after Texas authorities searched the homes of Latino campaign volunteers
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Jewish family can have anti-hate yard signs after neighbor used slur, court says
Joey Chestnut explains one reason he's worried about Kobayashi showdown
Ex-DC police officer is sentenced to 5 years in prison for fatally shooting man in car
At site of suspected mass killings, Syrians recall horrors, hope for answers
Justice Department watchdog finds flaws in FBI’s reporting of sex crimes against children
2 men plead not guilty to killing former ‘General Hospital’ actor Johnny Wactor
Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse