MEMPHIS, 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.
2024-12-24 10:542459 view
2024-12-24 10:142540 view
2024-12-24 09:491387 view
2024-12-24 09:181602 view
2024-12-24 08:561391 view
2024-12-24 08:411733 view
Follow AP’s coverage of the election and what happens next. PHILADELPHIA (AP) — The $1 million vo
Ever since she was a little girl, Jessie Gaynor has had a passion for books. Whether classic literat
Days before it was set to go to trial, a lawsuit filed by former Trump attorney Michael Cohen agains