What's happened
A legal battle over the ownership of Elvis Presley's Graceland estate concluded on May 22, 2024. A Tennessee court ruled in favor of Riley Keough, Elvis's granddaughter, who had been fighting to retain the property. The dispute began when Naussany Investments claimed ownership of Graceland, alleging that Lisa Marie Presley had used it as collateral for a $3.8 million loan. Keough's legal team argued that the documents were fraudulent. Following the court's decision, Naussany Investments withdrew its claim.
What's behind the headline?
What the papers say
According to Business Insider UK, Naussany Investments initially claimed ownership of Graceland, stating that Lisa Marie Presley had taken out a $3.8 million loan using the estate as collateral. The New York Times reported that Riley Keough's legal team argued the documents presented by Naussany were fraudulent, describing the company as a 'false entity.' The Guardian highlighted Keough's efforts to secure a temporary restraining order against the auction, emphasizing the alleged forgeries in the loan documents. Sky News noted that Elvis Presley Enterprises, which operates Graceland, supported Keough's claims, stating that the announced sale was a scheme.
How we got here
The dispute over Graceland began after the death of Lisa Marie Presley in January 2023. Riley Keough, her daughter, became the owner of the estate and trustee of the Promenade Trust, which operates Graceland. In September 2023, Naussany Investments claimed that Lisa Marie had taken out a $3.8 million loan using Graceland as collateral and announced plans to auction the property. Keough's legal team filed a complaint in May 2024, alleging that the loan documents were fraudulent. The court issued a temporary restraining order to delay the auction, and on May 22, 2024, ruled in favor of Keough, leading Naussany Investments to withdraw its claim.
Go deeper
- What were the main arguments in Riley Keough's legal complaint?
- How did Naussany Investments justify their claim on Graceland?
- What role did Elvis Presley Enterprises play in this dispute?
Common question
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Why is Riley Keough trying to stop the sale of Graceland?
Riley Keough's legal battle to prevent the auction of Graceland has sparked significant interest and raised questions about the estate's ownership and financial obligations. Let's delve into the reasons behind Keough's efforts and the implications of this ongoing dispute.
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How did the legal battle over Graceland ownership unfold?
The legal battle over the ownership of Elvis Presley's iconic Graceland estate unfolded in a series of events that captivated fans and legal experts alike. Let's delve into the timeline of events that led to the resolution of this high-profile dispute.
More on these topics
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Elvis Aaron Presley, also known simply as Elvis, was an American singer and actor. He is regarded as one of the most significant cultural icons of the 20th century and is often referred to as the "King of Rock and Roll" or simply "the King".
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Graceland is a mansion on a 13.8-acre estate in Memphis, Tennessee, United States, once owned by singer and actor Elvis Presley. His daughter, Lisa Marie Presley, has been the owner of Graceland since his death in 1977.