A representative for the company, Naussany Investments & Private
Lending, told Reuters in response to a request for comment that
it would withdraw all of its claims over Graceland. The
statement arrived shortly after a court hearing in Memphis where
Shelby County Chancellor JoeDae Jenkins issued an injunction
halting the foreclosure sale scheduled for Thursday.
Graceland, where Presley is buried, is a popular tourist
attraction, drawing more than 600,000 visitors a year. Presley,
dubbed the "King of Rock and Roll," died in 1977 at age 42.
Naussany Investments had claimed that his daughter, Lisa Marie
Presley - who died last year at age 54 - had used Graceland as
collateral when borrowing $3.8 million that was never repaid,
according to a public notice of the intended sale.
Presley's granddaughter, actress Riley Keough – who inherited
the home after her mother's death – sued Naussany, asserting
that her mother never took out the loan and that Naussany was
engaged in fraud.
In a sworn affidavit attached to the lawsuit, the notary public
listed on Naussany's documents said she never met Lisa Marie
Presley or notarized her signature.
The notary's statement, Jenkins said on Wednesday, "brings in
the question as to the authenticity of the signature" as well as
whether the underlying document is fraudulent.
In response to an email seeking comment, Gregory Naussany, whose
role in the company is not clear, said it would "be withdrawing
all claims with prejudice."
According to Gregory Naussany, the company made its decision in
consultation with its lawyers after concluding it would have to
file legal actions in multiple states, since the alleged loan
was secured in Florida. He did not directly address Keough's
allegations.
In a statement, Elvis Presley Enterprises, which operates
Graceland, said, "As the court has now made clear, there was no
validity to the claims. There will be no foreclosure."
(Reporting by Joseph Ax; editing by Jonathan Oatis)
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