ENTERTAINMENT
Graceland foreclosure sale halted as Presley estates lawsuit moves forward
BY ADRIAN SAINZ
Updated 4:00 PM EDT, May 22, 2024
MEMPHIS, Tenn. (AP) A judge on Wednesday said Elvis Presleys estate could be successful in arguing that a companys attempt to auction Graceland is fraudulent as he halted a foreclosure sale of the beloved Memphis tourist attraction.
Later Wednesday, a statement from someone who appeared to be a representative of the company said it would drop its claim, which the Presley estate has argued is based on fake documents. Online court records did not immediately show any legal filings suggesting the claim had been dropped.
Shelby 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 rolls former home is located. Jenkins injunction essentially keeps in place a previous restraining order issued at the request of Presleys granddaughter Riley Keough. ... Graceland is a part of this community, well-loved by this community and indeed around the world, the judge said.
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 the death of her mother, Lisa Marie Presley, last year.
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