Additional Coverage:
- The messy fight to see who really owns Elvis’s Graceland is over (newsbreak.com)
A peculiar legal dispute concerning the true ownership of Elvis Presley’s famed Graceland estate concluded on Wednesday, solidifying the control of the property within the iconic musician’s family line.
The company that previously declared possession of Graceland’s title announced its intention to retract its claim, as reported by the Associated Press.
This announcement came shortly after a Tennessee court sided with Elvis’ granddaughter, Riley Keough, an actress, who had been embroiled in a fight to retain ownership of the property.
Following the death of her mother, Lisa Marie Presley, in January 2023, Keough took over as the owner of the 13.8-acre Memphis estate and became the trustee of Promenade Trust, which oversees the estate’s operations.
The controversy began when Naussany Investments and Private Lending claimed ownership of the estate’s deed and revealed plans to auction it off the previous week.
Naussany asserted that Lisa Marie Presley had procured a $3.8 million loan using the estate as collateral and claimed the right to sell the property to recoup the unpaid loan.
In response, Keough launched a legal challenge against Naussany, alleging the company of committing fraud by forging signatures to claim the deed to Graceland.
“The lawsuit states that the documents, though bearing Lisa Marie Presley’s seemingly authentic signatures, were not actually signed by her, terming them fraudulent. According to Keough’s lawsuit, Lisa Marie never entered into any loan agreement nor pledged Graceland as collateral to Naussany Investments,” the complaint outlined.
The lawsuit further labeled Naussany as non-existent, suggesting it was fabricated to defraud the Promenade Trust and the heirs of Lisa Marie Presley or any potential buyer of Graceland.
Naussany, in communication with the AP, stated its decision to “withdraw all claims with prejudice,” attributing its retraction to the complexities of pursuing legal actions across different states.
A Graceland spokesperson remarked to Business Insider on the judge’s clear stance that the claims lacked merit, enthusiastically noting that Graceland’s operations and the experience it offers to Elvis enthusiasts worldwide will continue as they have for over four decades.
Keough’s legal representatives have chosen not to comment on the matter.
Attempts to contact Naussany Investments were unsuccessful by Business Insider.
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- The messy fight to see who really owns Elvis’s Graceland is over (newsbreak.com)