Riley Keough 's fight to save her grandfather Elvis Presley 's estate, Graceland , from a foreclosure sale has ended in a resounding victory. The company Keough filed a lawsuit against , accusing them of trying to defraud her family into selling Graceland, has dropped all claims on the property, ET can confirm. "We can confirm the Trust attorney stated that he received an email from [the company] saying they will not be moving forward with their claim," a rep for Graceland said in a statement to ET.
Earlier in May, a public notice was posted announcing a foreclosure sale of the 13-acre estate. The notice claimed that Promenade Trust, which manages the Graceland Museum, owed $3.8 million for a loan taken out in 2018.
Keough inherited the trust and ownership of Graceland following the death of her mother, Lisa Marie Presley, last year. The company behind the foreclosure notice claimed that Lisa Marie borrowed $3.8 million and gave them a deed of trust encumbering Graceland as security before she died, failing to repay the loan.
However, Keough, representing the Promenade Trust, filed a lawsuit on May 20, alleging that the company had presented fraudulent documents concerning the loan and the unpaid sum as recently as September 2023. Keough asked the court to grant a restraining order against them ahead of the reportedly non-judicial sale of Graceland. In a statement released to ET on Tuesday, Elvis Presley Enterprises Inc.
, which manages Graceland, stated, "There is no foreclos.
