Riley Keough intervenes to stop sale of grandfather Elvis Presley’s Graceland

Posted On May 21, 2024May 21, 2024

Actor Riley Keough has filed a lawsuit to prevent the sale of Graceland, the iconic former home of her grandfather Elvis Presley.

Following the death of her mother, Lisa Marie Presley, in 2023, Keough is now the heir to the Presley estate and the trustee of the Promenade Trust. Through the trust, she is attempting to stop Naussany Investments & Private Lending LLC from selling the piece of musical history in a non-judicial sale that is scheduled to go through on May 23rd.

The Daisy Jones and the Six star has made the filing after Naussany Investments & Private Lending LLC claimed that Lisa Marie borrowed $3.8 million from the company with Graceland used as collateral if she was unable to pay back the money.

Now, in a 60-page lawsuit that has been obtained by People, Keough has alleged that the LLC could possibly not even be “a real entity”. Furthermore, she has also claimed “the note and deed of trust are fraudulent and unenforceable.”

In the suit, Keough alleges: “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.”

Additionally, the Hollywood star has pleaded with the Tennessee court to permit a restraining order against Naussany Investments & Private Lending LLC “or any party acting in concert” to prevent them “from conducting any non-judicial sale of the property.”

She continued: “On information and belief, Naussany Investments & Private Lending LLC is not a real entity. 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.”

The lawsuit includes a document that shows the loan made by Lisa Marie from Naussany Investments & Private Lending LLC, but claims Presley’s signature was forged which the legal representatives state stops the loan from being a legal document.

Meanwhile, Elvis Presley Enterprises, which is in charge of Graceland and the Elvis Presley Trust, said in a statement: “Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud.”

Naussany Investments and Private Lending LLC have yet to comment on the case. However, Kurt Naussany, who is named as a defendant, has told NBC News that he left the firm in 2015 and therefore shouldn’t be listed in the suit.

Presley purchased Graceland in 1957 while at the height of his fame and lived there until his passing in 1977. Following his death, it has turned into a museum honouring ‘The King’ and become a tourist attraction that is visited by 600,000 on an annual basis.

This is a developing story.

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