MEMPHIS, Tenn. — The catalyst behind the failed gambit to sell off the iconic Graceland property in Memphis is a mystery.
The notice said Promenade Trust, which controls the Graceland museum, owed $3.8 million after failing to repay a 2018 loan. "Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments," Keough's lawyer Jeff Germany wrote in the lawsuit. "That makes me wonder if these documents were created after Lisa Marie passed away," Stowell said."The whole thing does not pass the smell test."
After the sale was halted, Naussany issued a statement saying it would drop its claim because a key document in the case and loan were recorded and obtained in a different state, meaning"legal action would have to be filed in multiple states." It did not specify the other state.
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