Elvis Presley's granddaughter is trying to halt the sale of Graceland, accusing those involved of using forged signatures
Chris Pizzello/Invision/AP; Business Wire
- Riley Keough is fighting to stop the auction of Elvis Presley's Graceland estate.
- Lisa Marie Presley used Graceland as collateral when taking out a loan, per a public notice.
- But Keough claims the loan documents are forged. A court granted a temporary restraining order.
Elvis Presley's granddaughter, the actor Riley Keough, is fighting to prevent the auction of his iconic Graceland estate.
Last week, a public notice announced the foreclosure sale of the Memphis property.
It claimed that the Promenade Trust, which operates Graceland, owes $3.8 million to Naussany Investments and Private Lending to repay a loan.
According to the notice, the home was scheduled for a public auction on Thursday at the Shelby County Courthouse.
However, Keough, a trustee of the Promenade Trust, filed a claim on May 15, alleging that the creditor used forged signatures.
Media outlets, including USA Today, citing Keough's legal team, reported that a temporary restraining order had been granted, delaying the auction.
Keough's lawyers and Graceland did not immediately respond to requests for comment.
According to the lawsuit, Lisa Marie Presley, the late daughter of Elvis Presley, is accused of borrowing $3.8 million from Naussany Investments in May 2018, and giving a deed of trust related to Graceland as collateral.
But Keough alleged in the lawsuit that the documents used were "fraudulent," claiming that her mother never borrowed the money nor gave the deed of trust.
"While the documents bear signatures that look like the signatures of Lisa Marie Presley, Lisa Marie Presley did not in fact sign the documents," the lawsuit says.
An injunction hearing is scheduled for Wednesday, according to USA Today.
Business Insider was unable to reach Naussany Investments for comment.
Keough, who recently starred in "Daisy Jones and the Six," became the trustee of Graceland after her mother died in January 2023.
The 13.8-acre estate was bought by Elvis Presley in 1957 for $102,500.
After his death in 1977, Graceland became a National Historic Landmark and one of Tennessee's top tourist attractions.
Elvis is buried there alongside several family members, including his daughter, his grandson, and his parents.