![](https://www.ctvnews.ca/polopoly_fs/1.6974305.1721749112!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
BREAKING Biden to speak Wednesday about his decision to drop 2024 re-election bid
U.S. President Joe Biden will address the nation from the Oval Office on Wednesday evening on his decision to drop his 2024 Democratic reelection bid.
A judge on Wednesday said Elvis Presley's estate could be successful in arguing that a company's attempt to auction Graceland is fraudulent as he halted a foreclosure sale of the beloved Memphis tourist attraction.
Later Wednesday, a statement from someone who appeared to be a representative of the company said it would drop its claim, which the Presley estate has argued is based on fake documents. Online court records did not immediately show any legal filings suggesting the claim had been dropped.
Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday this week. Jenkins' injunction essentially keeps in place a previous ruling that he had issued after Presley's granddaughter Riley Keough filed a lawsuit to fight off what she said was a fraudulent scheme.
“Graceland is a part of this community, well-loved by this community and indeed around the world,” the judge said.s
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 US$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.
Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough, on behalf of the Promenade Trust, alleged in her lawsuit that Naussany presented fraudulent documents regarding the loan in September 2023.
Neither Keough nor lawyers for Nassauny Investments were in court Wednesday.
"Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments," Keough's lawyer wrote in a lawsuit.
Neither Keough nor lawyers for Naussany Investments were in court Wednesday. Keough's attorney, Jeff Germany, said outside of court that he has not had direct contact with representatives from Naussany.
Naussany did file an unsuccessful motion asking the judge to deny the estate's request for an injunction.
A statement emailed to The Associated Press after Wednesday's ruling said Naussany would not proceed because a key document in the case and the loan were recorded and obtained in a different state, meaning that “legal action would have to be filed in multiple states.” The statement, which was sent from an email address listed in court documents, did not specify the other state.
“The company will be withdrawing all claims with prejudice,” the statement said.
Chancellor JoeDae Jenkins presides before a court hearing regarding the estate of Elvis Presley, Wednesday, May 22, 2024, in Memphis, Tenn. (Benjamin Naylor/Daily Memphian via AP)
The court documents included addresses for the company in Jacksonville, Florida, and Hollister, Missouri. Both were for post offices, and a Kimberling City, Missouri, reference was for a post office box. The business also is not listed in state databases of registered corporations in Missouri or Florida.
Kimberly Philbrick, the notary whose name is listed on Naussany's documents, indicated that she never met Lisa Marie Presley nor notarized any documents for her, according to the estate's lawsuit. The judge said the notary's affidavit included in the lawsuit brings into question "the authenticity of the signature.”
Paul Golden, a lawyer for a New York-based firm who handles real estate and commercial litigation but is not directly involved in the case, said that affidavit and other inconsistencies in the company's paperwork appeared to be “extremely strong evidence” to support the Presley estate’s position.
Graceland opened as a museum and tourist attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It draws hundreds of thousands of visitors each year. A large Presley-themed entertainment complex across the street from the museum is owned by Elvis Presley Enterprises.
"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 the best in class experience when visiting his iconic home,” Elvis Presley Enterprises said in a statement.
U.S. President Joe Biden will address the nation from the Oval Office on Wednesday evening on his decision to drop his 2024 Democratic reelection bid.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
Multiple wildfires in Jasper National Park flared up with a vengeance late Monday night, forcing all park visitors along with the 4,700 residents of the Jasper townsite to flee west with little notice over mountain roads through darkness, soot, and ash.
Many people believe that creating a will requires the services of a lawyer, but this isn't always the case. In his personal finance column for CTVNews.ca, Christopher Liew explains a lawyer's role when crafting your last will and testament.
The director of the Secret Service is stepping down from her job, according to an email she sent to staff, following the assassination attempt against former U.S. president Donald Trump that unleashed intensifying outcry about how the agency tasked with protecting current and former presidents could fail in its core mission.
A Montreal-area mother is furious with Quebec's justice system because the man who killed her 25-year-old daughter in a 2022 hit-and-run was released from jail after only serving one-sixth of his sentence behind bars.
Firefighters continue to battle raging wildfires in B.C.’s Cariboo Region, and concern is growing that recent weather could worsen the situation.
Observers expect Kamala Harris to follow U.S. President Joe Biden’s roadmap for America’s relationship with Canada as she moves to secure the Democratic party's presidential nomination.
As Kamala Harris prepares to run for president against Donald Trump, she will have to lay out for voters her own ideas on how to steer the economy.
A cat who fled her Montreal home nearly a decade ago has been reunited with her family after being found in Ottawa.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.
A well-known childhood prank known as 'nicky nicky nine doors,' or 'ding dong ditch,' has escalated into a more serious game that could lead to charges for some Surrey, B.C. teens.
It's been more than a month since their good friend was seriously hurt in an accident and two teens from Riverview, N.B., are still having a hard time dealing with it.
Halifax bridges have collected thousands of coins from around the world.
A donated clawfoot bathtub has become the preferred lounging spot for a pair of B.C. grizzly bears, who have been taking turns relaxing and reclining in it – with minimal sibling squabbling – for the past year.