Marc Leclerc|Judge in Tennessee blocks effort to put Elvis Presley’s former home Graceland up for sale

2025-05-03 19:27:41source:SignalHub Quantitative Think Tank Centercategory:My

MEMPHIS,Marc Leclerc 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.

More:My

Recommend

Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star

The court-appointed trustee overseeing the bankruptcy estate of Colorado football player Shilo Sande

Oregon TV station KGW issues an apology after showing a racist image during broadcast

An Oregon TV station issues an apology after a Thursday segment in their broadcast showed a racist i

Texas ban on university diversity efforts provides a glimpse of the future across GOP-led states

AUSTIN, Texas (AP) — The dim lighting and vacant offices were the first clues.Other changes struck N