Riley Keough, the granddaughter of Elvis Presley, is currently involved in a legal battle to keep Graceland, the famous rock ‘n’ roll landmark, in her family. A notice for the foreclosure sale of Graceland was made public earlier in May, claiming that the Promenade Trust, which oversees Graceland, owes $3.8 million to Naussany Investments and Private Lending. Keough filed a lawsuit claiming fraud against the company that moved to put Graceland up for sale, stating that the lender’s documents are fraudulent and that her mother, Lisa Marie Presley, did not borrow money from Naussany Investments.
Keough inherited the Promenade Trust after the death of her mother in January 2023. Lisa Marie Presley passed away at age 54 after suffering a cardiac arrest. Keough alleges that Lisa Marie never borrowed money from Naussany Investments, contradicting the claims made by the lender. Memphis’ Chancery Court has scheduled an injunction hearing to address the issue. Keough, who recently starred in the TV series Daisy Jones & The Six, announced her plans to release her mom’s memoir posthumously in October 2023, in an effort to share her mother’s story with the world.
Riley Keough took on the responsibilities of being the keeper of her family’s legacy following the death of her mother, Lisa Marie Presley. Keough became the sole trustee of her mother’s estate, taking on the role after a legal battle with her grandmother Priscilla Presley, who contested Lisa Marie’s will. The settlement included stipulations where Riley’s younger sisters were named sub-trustees and Priscilla was given a $1 million lump sum payment. Keough expressed her excitement to share her mother’s vulnerable and honest side through the publication of her memoir, wanting readers to come to love her mother as much as she did.
After Lisa Marie Presley’s death, Riley Keough found herself in the position of having to protect her family’s legacy, particularly in regards to Graceland. Keough’s lawyers successfully obtained a temporary restraining order to delay the public auction of Graceland, originally scheduled for May 23, to prevent its sale. Keough’s lawsuit against Naussany Investments claims fraud and asserts that her mother did not borrow money from the company. Keough’s dedication to preserving her family’s story and legacy is evident in her efforts to keep Graceland within the family and share her mother’s memoir with the world.
The legal battle over Graceland and the allegations of fraud against Naussany Investments have brought Riley Keough into the spotlight as she strives to protect her family’s legacy and preserve the history of the famous landmark. Keough’s commitment to sharing her mother’s story and ensuring that Graceland remains in the family demonstrates her dedication to honoring her family’s history and legacy. The ongoing legal proceedings and the scheduled injunction hearing in Memphis’ Chancery Court will determine the outcome of the situation, with Keough fighting to maintain her family’s connection to Graceland and uphold her mother’s memory in the public eye.
