A judge on Wednesday said Elvis Presley's estate could be successful in arguing that a company's attempt to auction Graceland is fraudulent as he halted a forec
FILE - Fans wait in line outside Graceland Tuesday, Aug. 15, 2017, in Memphis, Tenn. A judge on Wednesday said Elvis Presley 's estate could be successful in arguing that a company's attempt to auction Graceland is fraudulent as heShelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday in Memphis, where the king of rock ‘n’ roll's former home is located.
A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after theNaussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice.
Neither Keough nor lawyers for Naussany Investments were in court Wednesday. Keough's attorney, Jeff Germany, said outside of court that he has not had direct contact with representatives from Naussany. Kimberly Philbrick, the notary whose name is listed on Naussany's documents, indicated that she never met Lisa Marie Presley nor notarized any documents for her, the estate's lawsuit said. The judge said the notary's affidavit included in the lawsuit brings into question "the authenticity of the signature.”
Graceland Elvis Presley Riley Keough Loan Auction Injunction Estate
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