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Outcome of Graceland Foreclosure Auction Lawsuit
3
Elvis Presley•Graceland•Memphis•Tennessee•Riley Keough•Keough•Lisa Marie Presley•Naussany Investments
Resolution / Starting Odds
Court rules in favor of Riley Keough • 50%
Court rules in favor of Naussany Investments • 50%
Official court documents or public statements from the judiciary
Story
Riley Keough Sues to Block Fraudulent Graceland Foreclosure Auction in Memphis
May 21, 2024, 03:58 PM
Elvis Presley's historic Graceland estate in Memphis, Tennessee, is facing a foreclosure auction scheduled for Thursday. However, his granddaughter, Riley Keough, has filed a lawsuit to block the sale, alleging that the foreclosure notice is based on fraudulent documents. Keough, who inherited control of the estate after her mother Lisa Marie Presley's passing last year, claims that the company behind the foreclosure, Naussany Investments & Private Lending LLC, is not a legitimate entity and that her mother never borrowed money from them. The lawsuit also alleges that the documents presented by the company are forgeries. Naussany Investments claims Lisa Marie Presley used Graceland as collateral for a $3.8 million loan. A Memphis judge has temporarily blocked the sale, granting Keough a restraining order against the auction.
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Court rules in favor of Riley Keough • 50%
Court rules against Riley Keough • 50%
Estate retains ownership • 33%
Property auctioned • 33%
Settled out of court • 34%
Company profits increase • 25%
Company suffers financial losses • 25%
Company remains financially stable • 25%
Company files for bankruptcy • 25%
Owned by Riley Keough • 33%
Sold to a third party • 33%
Converted into a public museum or trust • 34%
Property value increases • 25%
Property value decreases • 25%
Property value remains stable • 25%
Property is revalued due to historical significance • 25%
Court rules in favor of Fanatics • 50%
Court rules in favor of Marvin Harrison Jr. • 50%
Significant public support actions occur • 50%
No significant public support actions occur • 50%
Auctioned • 33%
Returned to victims • 33%
Forfeited to government • 33%