- The credit company that tried to sell Elvis Presley’s Graceland estate at a foreclosure auction on May 23 said it has given up all claims on the estate
- The move comes after a Tennessee judge halted the sale of the beloved Memphis property and a lawsuit filed May 20 by Riley Keough against the lender
- In her lawsuit, the actress called the now-paused sales of Graceland a “fraud.”
The company Riley Keough accused of trying to trick her family into selling Graceland may have dropped all claims to the property.
Just hours after a Tennessee judge blocked Naussany Investments and Private Lending from releasing the iconic property in a foreclosure sale, Keough’s attorney “received an email from Gregory Naussany confirming that they do not intend to proceed with their request,” the representative for Graceland. he said in a statement to PEOPLE.
Naussany reportedly said the company would not proceed because a key document in the case and a loan allegedly taken out by the late Lisa Marie Presley were recorded and obtained in another state, meaning legal action would need to be filed in more than one state, according to the Associated Press. The name of the other country remains unclear.
“There was no harm done to Ms. Keough,” someone named Gregory Naussany said in an email to Memphis trade appeal.
The AP reported that Naussany had a motion to dismiss the allegations in Keough’s lawsuit and opposes the Graceland estate’s request for an injunction that the judge denied.
The Appealmeanwhile, he reported that the Shelby County Clerk’s office confirmed that it had not heard from Naussany Investments since Wednesday’s hearing.
Naussany Investments did not immediately respond to PEOPLE’s request for comment.
The move comes hours after a Tennessee judge on May 23 blocked the foreclosure of Elvis Presley’s beloved estate during a hearing in Shelby County Chancery Court in Memphis, Tennessee, on Wednesday, May 22 – following an alleged “fraudulent” attempt to sell the property , as Keough, 34, requested in a May 20 lawsuit.
“A property is considered unique under Tennessee law, and because it is unique, the loss of the property will be considered an irreparable harm,” Chancellor Judge JoeDae L. Jenkins said during the hearing. Neither Keough nor a representative of Naussany was present.
In the lawsuit, obtained by PEOPLE, Keough accused Naussany of posing as “a fictitious entity created for the purpose of defrauding the Promenade Trust (Keough’s and ex-Lisa Marie’s foundation), the heirs of Lisa Marie Presley, or any purchaser of Graceland in an out-of-court sale.”
Riley Keough; Graceland Estate.
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Naussany claims that Lisa Marie borrowed $3.8 million and gave them a deed of trust encumbering Graceland as security before she died in January 2023 — but Keough’s lawsuit claims that Lisa Marie’s signatures on the Standard Promissory Note and the deed of trust are apparent forged.
The lawsuit also alleges that the notary who allegedly witnessed Lisa Marie sign the contract and note said she didn’t actually notarize anything and that she never met Lisa Marie.
Elvis’ granddaughter Riley Keough calls Graceland’s foreclosure sale a “fraud” in court documents
In the lawsuit, obtained by PEOPLE, Keough accused Naussany of posing as “a fictitious entity created for the purpose of defrauding the Promenade Trust (Keough’s and ex-Lisa Marie’s foundation), the heirs of Lisa Marie Presley, or any purchaser of Graceland in an out-of-court sale.”
Naussany claims that Lisa Marie borrowed $3.8 million and gave them a deed of trust encumbering Graceland as security before she died in January 2023 — but Keough’s lawsuit claims that Lisa Marie’s signatures on the Standard Promissory Note and the deed of trust are apparent forged.
The lawsuit also alleges that the notary who allegedly witnessed Lisa Marie sign the contract and note said she didn’t actually notarize anything and that she never met Lisa Marie.
At the May 22 hearing, Jenkins said the claim calls into question the authenticity of both the signature and the trust agreement.
Graceland rep speaks out after judge halts sale after foreclosure attempt: ‘No validity’
Ultimately, Keough tried to prevent Naussany from selling Graceland by seeking a temporary restraining order restraining the company “or any party acting in concert” with them “from conducting any non-judicial sale of the property.”
“As the court has now made clear, the claims were not valid. There will be no enforcement,” Graceland and Elvis Presley Enterprises said in a statement shared with PEOPLE after the hearing. “Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans around the world can continue to have a best-in-class experience when they visit his iconic home.”
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Source: HIS Education