The 'Under the Bridge' star filed a lawsuit against Naussany Investments and Private Lending LLC, which planned to auction off the Memphis property due to her mom Lisa Marie Presley's alleged debt.
- May 22, 2024
AceShowbiz - Riley Keough has launched legal action to challenge the sale of her grandfather Elvis Presley's Graceland home. The "Under the Bridge" star filed a lawsuit against Naussany Investments & Private Lending LLC, which planned to auction off the Memphis property due to Lisa Marie Presley's alleged debt.
In the suit filed on May 15, the 34-year-old insisted that her late mom "never" took out a loan. "Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments," the lawsuit read. "These documents are fraudulent."
"The purported note and deed of trust are products of fraud and those individuals who were involved in the creation of such documents are believed to be guilty of the crime of forgery," Riley continued. She is asking that the court grant a restraining order against the company "or any party acting in concert" with them "from conducting any non-judicial sale of the property."
"On information and belief, Naussany Investments & Private Lending LLC is not a real entity," the actress further stated "Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust (the trust of Keough and formerly of Lisa Marie Presley), the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale."
Lisa reportedly took a $3.8 million loan in 2018 before her death and used Graceland as collateral. However, a temporary restraining order halting the sale of the property was granted on Monday, just days before it was set to be auctioned on Thursday, per court documents obtained by local outlet WREG.
Meanwhile, Elvis Presley Enterprises Inc. confirmed in a statement "that these claims are fraudulent. There is no foreclosure sale." It added, "Simply put, the counter lawsuit has been filed is to stop the fraud."
