Elvis Presley’s granddaughter tries to stop the auction of Graceland by filing a lawsuit. She claims that the company in charge does not have the rights to the property.
Danielle Riley Keough, known for being the granddaughter of the legendary singer Elvis Presley, has filed a lawsuit to stop the auction of Graceland, the mansion owned by the artist in Memphis. The property was set to be auctioned on May 23.
According to CNN, Danielle claims that the company in charge of the auction does not have the rights to the property, of which she is the owner. This is why she has decided to take legal action to halt the auction. She argues that the company might be committing fraud, as it not only lacks the rights to the property but might not even exist.
Through this legal action, the granddaughter of the artist seeks to obtain a temporary order to stop any sale, including this auction, at least until the courts decide on the matter. The lawsuit states that the company, Naussany Investments & Private Lending LLC, which claims to have the proper deeds, might not exist. CNN reports that it “appears to be a fake entity created for the purpose of committing fraud.”
Danielle Riley Keough claims that the company has “fraudulent” documents.
The conflict apparently arose after Lisa Marie Presley, Danielle’s mother and Elvis’s daughter, allegedly took out a loan worth $3.8 million from a U.S. financial company, supposedly using the trust deed of Graceland as collateral. Lisa Marie passed away in early 2023 and was the sole heir to the property and the rest of Elvis’s estate after his death in 1977. According to CNN, the total estate is worth several hundred million dollars.
However, Danielle asserts in her lawsuit that the company’s documents are “fraudulent,” explaining that her mother never requested such a loan and certainly never used the deed as collateral. “Lisa Marie Presley never borrowed money from the financial company and never handed over the trust,” she states.
Now, it is up to the courts to decide what will happen with the property, which has become a major tourist attraction and a key highlight of Memphis. Graceland spans a total of six hectares, topped with a large mansion containing 23 rooms. Currently, the mansion and its grounds are valued at around $100 million.
