Graceland Rep Speaks Out After Judge Halts Sale Following Foreclosure Attempt: 'No Validity'

According to Graceland and Elvis Presley Enterprises, Inc., "there will be no foreclosure" of the iconic Memphis estate

A representative for Graceland is speaking out after a judge halted the sale of the legendary estate on Wednesday.

The new comments come days after Riley Keough filed a May 20 lawsuit to block an allegedly “fraudulent” attempt to sell her grandfather Elvis Presley’s Graceland estate, ​​which was set for a foreclosure auction on Thursday, May 23.

In her complaint, the Daisy Jones & the Six star, 34, claimed that a company called Naussany Investments & Private Lending LLC was trying to defraud her family into selling Graceland by forging the signature of her late mother, Lisa Marie Presley, the only daughter of Elvis.

On Wednesday, May 22, a hearing — which neither Keough nor Naussany Investments were present for — took place at the Shelby County Chancery Court in Memphis, Tennessee, where judge Chancellor JoeDae L. Jenkins determined that, under state law, any sale or “loss” of the “unique” Graceland estate “will be considered irreparable harm” and ultimately stopped it.

In a statement issued afterward, Graceland and Elvis Presley Enterprises claimed to PEOPLE, “As the court has now made clear, there was no validity to the claims.”

Related: Judge Halts Graceland Sale After Riley Keough Slammed Foreclosure Attempt as 'Fraudulent'

“There will be no foreclosure,” both parties continued. “Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best in class experience when visiting his iconic home.”

Elvis Presley Enterprises added in another statement to PEOPLE, “There is no foreclosure sale. Simply put, the counter lawsuit [that] has been filed is to stop the fraud.” 

Related: Elvis' Granddaughter Riley Keough Calls Graceland Foreclosure Sale Attempt 'Fraudulent' in Court Docs

Before the Wednesday hearing, Keough noted in her 60-page lawsuit obtained by PEOPLE that Naussany may not even be “a real entity” and asked the court to grant a restraining order against them ahead of the Graceland sale that was scheduled for May 23.

Judge Jenkins' court order not only pauses the sale of Graceland but also delays the trial until Naussany can provide a defense to Keough's claims.

Naussany is claiming that Lisa Marie borrowed $3.8 million and gave them a deed of trust leveraging Graceland as security before the singer died in January 2023. However, Keough’s complaint claims her mother’s apparent signatures on the Standard Promissory Note and deed of trust are forged.

The actress’ suit also claims that the notary who allegedly witnessed Lisa Marie sign the deed and note said she did not, in fact, notarize any documents and claims to have never met Lisa Marie. During the Wednesday hearing, Judge Jenkins said that the claim questions the authenticity of both the signature and the deed of trust.

Keough's lawyers declined to comment before Wednesday’s hearing, while Naussany Investments did not immediately respond to PEOPLE’s request for comment.

Following Jenkins' order, Keough's lawyers did not immediately respond to a request for comment.

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