They’re all upset now.
A company that had planned to auction off Elvis Presley’s Graceland mansion has abandoned its plans to sell the iconic home after a Tennessee court blocked the plan earlier this week.
Representatives for Nausany Investments & Private Lending LLC announced Wednesday they were dropping their claim against the property, shortly after a judge issued a foreclosure injunction and indicated Elvis’s granddaughter, Riley Keough, was likely to prevail in her lawsuit against the company.
Gregory Nowsany, whose role at the company was not immediately clear, told Reuters on Wednesday that the company was responsible for the $3.8 million sale of Elvis’ daughter Lisa Marie Presley before her death in January 2023. He said he would “retract all claims” in the lawsuit alleging he made the loan.
Nausani said the decision not to hold an auction was made after consulting with lawyers who concluded that the company would have to litigate in multiple states because the alleged loans were secured in Florida.
Nowsunny Investments was scheduled to hold a foreclosure auction on the famous property on Thursday, claiming that Lisa Marie Presley offered the popular tourist attraction as collateral for a loan.
But the sale has been vigorously contested by Lisa Marie’s eldest daughter and heir, Ms. Keogh, who filed a lawsuit this week alleging that her mother’s signature on the work is a forgery and that the company itself is a “sham organization” set up to defraud the estate, which has been named America’s most popular museum in 2023.
In an affidavit attached to Ms. Keogh’s lawsuit, the notary listed on Ms. Nosany’s documents said she had never met Lisa Marie Presley or notarized her signature. Ta.
Chancellor Jordy Jenkins said Wednesday that the notary’s statement “raises questions not only about the authenticity of the signatures but also whether the underlying documents are forgeries.”
Nowsani did not address Keogh’s allegations.
Elvis Presley Enterprises, which operates Graceland, said, “As the court has now made clear, the claims were without merit. There will be no seizure.”
Meanwhile, FBI agents have contacted Keough’s team about potentially opening an investigation into the fraud charges. TMZ ReportEdited
Graceland has been a Memphis staple since Elvis purchased the estate for $102,500 in 1957, the same year he released hits “Blue Christmas” and “All Shook Up.”
The sprawling mansion has been preserved exactly as it was when Elvis died in 1977 at the age of 42.
With post wire.
