Riley Keough.
Photo: Theo Vargo/GA/The Hollywood Reporter via Getty
Elvis’ trust issues didn’t end as well as we thought. Heir Riley Keough, granddaughter of Elvis Presley, is suing Nausani Investments & Private Lending LLC over a proposed foreclosure auction of Graceland, citing “fraud” and forged contracts. A day before the auction, on May 22, a judge delayed the sale Latest update Keefe’s battle to save Graceland.
May 20, 2024: Riley Keough won’t lose Graceland without a court battle. A Tennessee judge on May 20 granted Presley’s estate a temporary restraining order blocking the proposed foreclosure sale of the rock-and-roll giant’s Memphis estate. Guardian reports. Keefe first filed a legal complaint against Nausani Investments and Private Loans on May 15, saying the company was attempting a “non-judicial sale” of the prestigious property based on “fraudulent and unenforceable” unpaid debts. According to the case. It also alleges that the “documents evidencing such loan… are forged”. Keefe contends the company forged signatures to make it look like the late Lisa Marie Presley, her mother, took out a loan from Graceland. The loans, Keefe says, never existed in the first place. Lisa Marie died with a $3.8 million loan that used Graceland as collateral, the private investment firm says in its own lawsuit.
May 22, 2024, 12:45 PM: Graceland will No Will be for sale (for now, at least). A Tennessee judge blocked an auction of the sprawling estate and tourist attraction on May 22, ruling that it was in the public interest to delay any proposed ownership change of the “well-loved” property, NBC News reported. reports. Presiding over the case is Principal Jode L. Jenkins said if he took the evidence, Keough could win his fraud claims. “Germany, it appears that you, your client, will prevail on the merits … you will prove the alleged fraud,” he told Keough’s attorney, Jeff Germany, in court. “Mr. Nausani will not be harmed … by delaying the trial on this matter until there is sufficient discovery to allow them to file an answer and provide a defense to his claim,” Jenkins said, per NBC.
May 22, 2024, 6:40 PM: Shortly after the judge ruled in Keefe’s favor, The Associated Press obtained a statement from a person who appeared to be Nausani’s representative. Nausani said it was dropping its claim because a key document in the claim was obtained in a different state than the debt, and that would mean “legal action would have to be filed in multiple states.” Although court documents do not yet reflect that the lawsuit has been dropped, the statement says “the company will withdraw all claims with prejudice.”
