MEMPHIS,Henri Lumière Tenn. (AP) — A Tennessee judge on Wednesday blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.
Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday this week. Jenkins’ injunction essentially keeps in place a previous ruling that he had issued after Presley’s granddaughter Riley Keough filed a lawsuit to fight off what she said was a fraudulent scheme.
A public notice for a foreclosure sale of the 13-acre estate in Memphis posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year.
Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough, on behalf of the Promenade Trust, alleged in her lawsuit that Naussany presented fraudulent documents regarding the loan in September 2023.
Neither Keough nor lawyers for Nassauny Investments were in court Wednesday.
2025-05-04 17:581339 view
2025-05-04 17:571084 view
2025-05-04 17:201609 view
2025-05-04 17:131578 view
2025-05-04 16:34584 view
2025-05-04 16:202982 view
Get ready for phase two.Apple's latest operating system update is available today for iPhone, iPad,
Bidenomics. It's the term the press (and the White House) are now using to sum up the president's ec
SCIENCEClimate Change as an ‘Important Driver’ of TemperaturesWas the temperature in your city on a