\n<\/p>\n
Graceland will not be sold at auction, at least for now.<\/p>\n
On Wednesday, a Tennessee judge deferred ruling on an apparent attempt to sell Graceland<\/a>, Elvis Presley\u2019s former home in Memphis, but kept a temporary injunction in place that would prevent the property from going to auction imminently.<\/p>\n The bizarre case came into wide public view this week when a lawsuit surfaced that had been filed by Mr. Presley\u2019s granddaughter, the actress Riley Keough. In it, Ms. Keough sued to prevent what her lawyers described as a fraudulent effort to auction the home by a company claiming that Lisa Marie Presley \u2014 Ms. Keough\u2019s mother and Mr. Presley\u2019s daughter \u2014 had borrowed $3.8 million and put Graceland up as collateral before she died in 2023<\/a>.<\/p>\n At Wednesday\u2019s hearing at Chancery Court in Shelby County, Tenn., the judge, Chancellor JoeDae L. Jenkins, said he needed to continue the case, in part because no one showed up in person to represent the company seeking to sell Graceland and in part because he said lawyers for Ms. Keough needed to present additional evidence.<\/p>\n \u201cGraceland is a part of this community, well loved by this community and indeed around the world,\u201d Chancellor Jenkins said during the hearing, which lasted roughly 10 minutes. Delaying the trial, he reasoned, would allow for \u201cadequate discovery\u201d to take place.<\/p>\n<\/div>\n<\/div>\n The defendants included a company, Naussany Investments & Private Lending LLC, which had scheduled a sale of Graceland for Thursday, according to court papers. The court said it had received a filing on Wednesday morning from a man named Gregory Naussany who had asked the court to continue the case.<\/p>\n It was not clear when the next hearing would take place.<\/p>\n Lawyers for Ms. Keough had argued that the company appeared to be a \u201cfalse entity.\u201d They also claimed that the company had presented fake documents purporting to show that Ms. Presley had borrowed the money and put Graceland up as collateral.<\/p>\n Several attempts to reach Naussany Investments through the email addresses and phone numbers listed for the company in the court documents have not been successful.<\/p>\n After the hearing, Jeff Germany, a lawyer for Ms. Keough, said he had not had \u201cany direct contact\u201d with the defendants in the case. He declined to comment on whether lawyers for the estate had asked law enforcement to investigate potential fraud.<\/p>\n Later Wednesday, The Commercial Appeal reported <\/a>that it had gotten an \u201cemail statement riddled with grammatical errors\u201d from someone identifying himself as Gregory Naussany who said that Naussany Investments was withdrawing its claims.<\/p>\n<\/div>\n<\/div>\n On Wednesday evening Elvis Presley Enterprises told The New York Times that a lawyer for the family\u2019s trust had received an email from a person purporting to be Gregory Naussany who said that Naussany Investments did not intend to move forward with its claim. <\/p>\n Electronic court records did not indicate that any new motions had been filed in the Shelby County court system as of late Wednesday. Officials at the chancery court clerk\u2019s office did not immediately respond to inquiries about whether the claim was being withdrawn.<\/p>\n Graceland, a popular tourist attraction, is a major source of income for Elvis Presley Enterprises and the family trust, which Ms. Keough controls<\/a>.<\/p>\n