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Search resuls for: "Elvis Presley Enterprises"


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CNN —The future of Graceland, Elvis Presley’s historic Memphis home, could be determined in court Wednesday after a bizarre set of events set the late singer’s granddaughter against a mysterious company that claimed Elvis’ daughter gave it Graceland’s deed. In a signed affidavit, the notary public denied ever notarizing anything that Lisa Marie Presley had signed. An estate in disputeFollowing Lisa Marie Presley’s death, Keogh and her grandmother, Priscilla Presley, fought over the rights to her estate – including Graceland. In 2004, Lisa Marie Presley sold 85% of Elvis Presley Enterprises’ assets in a deal reportedly worth more than $100 million. Lisa Marie Presley annually earned seven figures from it, based on a court filing in her 2022 divorce.
Persons: Elvis, Elvis ’, , Danielle Riley Keough, Keough, Lisa Marie Presley, Naussany, Presley, Naussany isn’t, , “ Lisa Marie Presley, Elvis Presley, “ Elvis Presley, Lisa Marie Presley’s, Keogh, Priscilla Presley, Graceland, Mad Max Fury Organizations: CNN, Chancery, Naussany Investments, Elvis Presley Enterprises, Graceland’s, Graceland Locations: Memphis, Shelby County , Tennessee, Graceland, Kimberling City , Missouri, Missouri,
Lawyers for the actress Riley Keough, the granddaughter of Elvis Presley, have sued to stop what they say is a fraudulent scheme to sell Graceland, the family’s cherished former home in Memphis. Court papers that Ms. Keough’s lawyers filed this month claim that a company planning to auction off Graceland is fraudulently claiming that her mother — Elvis’s daughter, Lisa Marie Presley, who died in 2023 — had borrowed money and put Graceland up as collateral. The papers say that the company, Naussany Investments & Private Lending LLC, “appears to be a false entity” and that the documents it presented about the loan were also fake. “There is no foreclosure sale,” Elvis Presley Enterprises, which operates Graceland, said in a statement, in which it also said that the lawsuit had been filed to “stop the fraud.”Graceland, a popular tourist attraction, is a major source of income for Elvis Presley Enterprises and the family trust.
Persons: Riley Keough, Elvis Presley, , Lisa Marie Presley, Organizations: Graceland, Naussany Investments, Lending, Elvis Presley Enterprises Locations: Memphis, Graceland
Some mourners held flowers as they waited for the service to begin under the tall trees on the lawn of Graceland, the home in Memphis where Lisa Marie lived as a child with her father. She was delicate, but was filled with life,” Priscilla Presley read. She then grew a family of her own.”After reading the poem, Priscilla Presley said: “Our heart is broken. After her father died, she became the sole heir of the Elvis Presley Trust, which — along with Elvis Presley Enterprises — managed Graceland and other assets until she sold her majority interest in 2005. A representative from Elvis Presley Enterprises has told The Associated Press that the mansion is in a trust that will go to the benefit of her children.
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