Posted 5/24/24

The auction of Elvis Presley’s former home, Graceland has been blocked by a Tennessee Judge, and the investment company has withdrawn its claims.

Naussany Investments and Private Lending Company withdrew all claims on Graceland Wednesday with prejudice. In a lawsuit filed in 2023, the company claimed Lisa Marie Presley, Elvis Presley’s daughter had used the property, along with Elvis Presley Enterprises, as collateral in a loan that was not paid back.

Riley Keough, Elvis Presley’s granddaughter, inherited Promenade Trust, which controls the Graceland Museum, after the death of her mother Lisa Marie Presley.

A public notice for a foreclosure sale of the 13-acre estate was posted earlier in May. The foreclosure notice claimed Promenade Trust owed $3.8 million after failing to repay the 2018 loan.

The judge’s actions come after Keough had filed a lawsuit fighting against the auction and Naussany’s claims which Keough said was a fraudulent scheme.