Judge Halts Graceland Auction Amid Legal Dispute

A Tennessee judge has issued a temporary injunction to halt the auction of Graceland, Elvis Presley's former home, amid allegations of unpaid loans. Riley Keough, Presley's granddaughter, filed the lawsuit. The estate, managed by Promenade Trust, owes $3.8 million from a 2018 loan.

A Tennessee judge on Wednesday blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.

Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday this week.

Presley's granddaughter Riley Keough had filed a lawsuit.

A public notice for a foreclosure sale of the 13-acre estate in Memphis posted earlier in May said Promenade Trust, which controls the Graceland museum, owes USD 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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