A judge blocked the auction of Elvis Presley’s former home by a company that claimed his estate had failed to repay a loan that used the property as collateral.
Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed Graceland auction that had been scheduled for Thursday.
Jenkins’ court order essentially keeps in place a previous restraining order he had issued after the singer’s granddaughter, Riley Keough, filed suit to fight what she claimed was a fraudulent scheme.
A public notice for the foreclosure sale of the 13-acre property in Memphis, Tennesseepublished in early May, said the Promenade Trust, which controls the Graceland museum, owes $3.8 million (£3 million) after failing to repay a loan taken out in 2018.
Keough, an actress, inherited the trust and ownership of the home following the death of her mother, Lisa Marie Presley, last year.
Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice.
Keough alleged that Naussany submitted fraudulent documents regarding the loan in September 2023.
Neither Keough nor attorneys for Nassauny Investments were in court.
Read more on Sky News:
Extreme weather hits different parts of the world
Four dead as strong storms hit Texas
Photo by Riley Keough: AP
“Lisa Maria Presley never borrowed money from Naussany Investments and never provided a deed of trust to Naussany Investments,” Keough’s attorney stated in the lawsuit.
Kimberly Philbrick, the notary listed on Nassauny’s documents, indicated she never met Lisa Marie Presley or notarized any documents for her, according to the court filing.
Graceland opened as a museum and tourist attraction in 1982 as a tribute to elvisfive years after the King of Rock n Roll died at age 42 in 1977.
He purchased Graceland Mansion in 1957 and lived there until his death.
It now attracts hundreds of thousands of visitors each year, and a large Elvis-themed entertainment complex in front of the museum is owned by Elvis Presley Enterprises.
This story originally appeared on News.sky.com read the full story
