Judge blocks attempt to sell Graceland, Elvis Presley’s former home in Memphis
No one showed up in person to represent the company seeking to sell Graceland and lawyers needed to present additional evidence that the sale was a scam
GRACELAND will not be sold at auction, at least for now.
On Wednesday (May 22), a Tennessee judge deferred ruling on an apparent attempt to sell Graceland, Elvis Presley’s former home in Memphis, but kept a temporary injunction in place that would prevent the property from going to auction imminently.
The case came into wide public view this week when a lawsuit surfaced that had been filed by Presley’s granddaughter, actor Riley Keough. Keough sued to prevent what her lawyers described as a fraudulent effort to auction the home by a company claiming that Lisa Marie Presley – Keough’s mother and Elvis Presley’s daughter – had borrowed US$3.8 million and put Graceland up as collateral before she died in 2023.
At Wednesday’s hearing at Chancery Court in Shelby County, Tennessee, Chancellor JoeDae L Jenkins said he needed to continue the case, in part because no one showed up in person to represent the company seeking to sell Graceland and in part because he said lawyers for Keough needed to present additional evidence.
The defendants included a company, Naussany Investments & Private Lending, which had scheduled a sale of Graceland for Thursday (May 23), according to court papers. The court said it had received a filing on Wednesday from a man named Gregory Naussany who had asked the court to continue the case.
It was not clear when the next hearing would take place.
A NEWSLETTER FOR YOU
Tuesday, 12 pm
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
Lawyers for Keough had argued that the company appeared to be a “false entity.” They also claimed that the company had presented fake documents purporting to show that Lisa Marie Presley had borrowed the money and put Graceland up as collateral.
Several attempts to reach Naussany Investments have not been successful.
Later Wednesday, The Commercial Appeal reported that it had gotten an “email statement riddled with grammatical errors” from someone identifying himself as Naussany who said that Naussany Investments was withdrawing its claims.
On Wednesday evening, Elvis Presley Enterprises told The New York Times that a lawyer for the family’s trust had received an email from a person purporting to be Naussany who said that Naussany Investments did not intend to move forward with its claim. NYTIMES
Share with us your feedback on BT's products and services
