Lisa Marie Presley’s estate sued over $3.8million 2018 unpaid loan – eight months after star’s tragic death aged 54

Lisa Marie Presley’s estate is being sued by an investment and private lender for $3.8 million after the late star allegedly defaulted on a 2018 loan.

Lisa Marie died on January 12, 2023 at the age of 54 due to small bowel obstruction caused by a previous weight-loss surgery, during which opioids were found in her blood at the time of her death.

In court documents obtained by DailyMail.com, Naussany Investments & Private Lending, LLC allege that Presley first took out the loan in May 2018, posting her ownership interest in Elvis Presley Enterprises and Graceland as collateral.

It is not known why Presley took out the loan.

The company also claims that Presley borrowed $450,000 in July 2016, with the loan being repaid in full the following month.

According to a letter signed by the late star, Presley agreed to pay off the $3.8 million loan in full by May 16, 2022 – but NIPL’s lawyers claim they had no contact with Presley after March 2022, despite that they had allegedly tried to contact her and collect the debt numerous times. time.

NIPL has agreed to drop the case if Presley’s estate – now managed by her daughter Riley Keough – repays 75 percent of the loan ($2.85 million) within 45 days.

DailyMail.com has contacted reps for Riley Keough for comment.

It is the latest legal row over the late star’s estate.

Her death sparked a dispute between Keough, 34, and Priscilla over ownership of the estate.

In a recently signed settlement, Priscilla agreed – in exchange for $1.4 million plus an undisclosed amount for ten years – to give up control of her late daughter’s Promenade Trust, leaving TV series star Riley Daisy Jones and the Six, was left as the sole trustee.

The agreement between Priscilla and Riley settled a feud between the two that had arisen when, just two weeks after Lisa Marie’s death in January, Priscilla filed a legal challenge to her daughter’s will – which left control of her wealthy Promenade Trust had taken over from Priscilla and given it to Riley.

Riley was said to be furious when her grandmother went to court to protest the will.

But in her petition for sealing, Priscilla dismissed the idea of ​​a feud and said she had fired the attorneys who filed her petition to contest the will.

“My January 2023 petition was misinterpreted in the press as a ‘fight’ over my beloved daughter’s Trust,” she wrote. ‘That was not the intention. The petition was filed by a law firm that has since closed down.

“I filed the petition to resolve any potential uncertainty surrounding the Promenade Trust’s interpretation.

“My daughter’s death was both devastating and heartbreaking.

‘We have learned that the fans realize that we are ‘just a family’. Elvis would be proud and his and Lisa’s wishes are the most important to all of us.

“My granddaughter, through her own counsel, along with my team, has worked diligently and tirelessly to resolve all misunderstandings as a family.”

Riley also agrees to seal the private financial settlement she made with her grandmother – which includes paying Priscilla a certain amount (recorded in the court document) “per year for 10 years or for life” as a special advisor to the trust, plus $1 million. and $300,000 – $400.00 in legal fees.

Their settlement also fulfills Priscilla’s wish to be buried at Graceland, Elvis’ home in Memphis, Tennessee.

In the interview, Priscilla denied that she and Riley were ever on bad terms, adding that it was the “right” decision for Riley to become executor of her estate – and that the pair were having dinner together that evening.

She said Riley “knows” she is there to help her and wants help.

Last month, an LA County Coroner’s report revealed that Lisa Marie died from complications (a condition resulting from a previous illness or injury) of a small bowel obstruction.

The intestinal obstruction was in the form of a strangulated small intestine, caused by adhesions that had developed many years earlier after bariatric surgery (gastric stapling).

The toxicology results also show that Lisa had ‘therapeutic’ levels of Oxycodone in her blood, with a second opioid Buprenorphine – used to treat opioid addiction – also found.

Traces of Quetiapine, an antipsychotic, have also been reported TMZ.

The coroner states that no “drug paraphernalia or narcotics” were found at her home and that her urine toxicology screen was negative.

The report confirms that Lisa had cosmetic surgery and was prescribed opioids a few months before her death, with the star having a history of ‘over-medicating’ – forgetting she had taken her medication and then taking it again.

The reports also state that the star had a “history of alcohol and drug abuse.”

Lisa Marie welcomed daughter Riley and son Benjamin with ex-husband Danny Keough – to whom she was married from 1988 to 1994. Benjamin died by suicide in 2020 at the age of 27.

She welcomed twin daughters Harper and Finley in 2008 with then-husband Michael Lockwood, but the couple divorced in 2016.

Lisa Marie’s life was tumultuous, with five stints in rehab for cocaine and opioid abuse, four failed marriages – including one to Michael Jackson – and the loss of her son to suicide and a fierce battle for custody of her twin girls with a ex-husband she had. falsely accused of child pornography.

Sources told TMZ that Lisa Marie was found unconscious in her bedroom by her housekeeper and that her ex-husband, Danny Keough, who she lived with, performed CPR until paramedics arrived.

Lisa Marie tried to lose weight for the Elvis Awards season and even used opioids in the weeks before her death.

The star underwent plastic surgery two months before the Golden Globes and lost up to 50 pounds as part of a strict regimen.

Lisa Marie previously struggled with an addiction to opioids after receiving a short-term prescription while recovering from the birth of her twin daughters, Harper Vivienne and Finley, in 2008.

In 2013, she heavily abused cocaine and went to rehab at least five times.

She was believed to have been sober in recent years, but after her son’s death, her ex-husband Michael Lockwood said he feared she would relapse.

As a teenager, she rebelled with drugs from ages 13 to 17, but her mother placed her in The Castle, a Scientology center in Hollywood, to get her off drugs.

“I’ve done everything except mushrooms and heroin or crack,” she said.

‘Cocaine, tranquilizers, weed and drinking – all at the same time… I don’t know how I got through it.

‘One day I woke up with a lot of people on the floor. I drove myself to the Church of Scientology and said, “Someone… help me right now.”

It worked for a while, and Lisa Marie said she was drug-free since she was 17.