Riley Keough Appreciates Fast Legal Action in Foreclosure Threat: 'Anything to Protect Graceland' (Exclusive Source)

The 'Daisy Jones' star and granddaughter of Elvis Presley previously filed a lawsuit asking a Memphis judge to stop an allegedly fraudulent sale of the Graceland estate

<p>Jerod Harris/Getty Images</p> Riley Keough in Los Angeles in April 2024

Jerod Harris/Getty Images

Riley Keough in Los Angeles in April 2024
  • A source tells PEOPLE Riley Keough is "appreciative of the swift legal actions" behind halting the attempted foreclosure sale of Elvis Presley's Graceland estate

  • The Daisy Jones & the Six star previously filed a lawsuit claiming Naussany Investments & Private Lending LLC's attempt to sell the property was "fraudulent"

  • Tennessee Attorney General Jonathan Skrmetti recently announced that he would "[look] into" the mysterious company's attempt to sell Graceland

Riley Keough is happy to have resolved the recent drama surrounding her grandfather Elvis Presley’s iconic Graceland estate, a source tells PEOPLE.

Following a legal battle between Daisy Jones & the Six star, 34, and Naussany Investments & Private Lending LLC over the company's attempt to sell the Memphis, Tennessee, property, an insider says Keough is grateful to have gotten the sale stopped.

"Riley is appreciative of the swift legal actions that stopped the foreclosure sale. She was initially pretty shocked and confused, but everything is all good for now," the source tells PEOPLE. "She'll do anything to protect Graceland."

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

PEOPLE previously obtained a 60-page lawsuit filed by Keough's attorneys on May 20 asking courts to block an allegedly "fraudulent" attempt to sell the estate, ​​which was set for a foreclosure auction on May 23. She alleged that 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 and Priscilla Presley.

During a Wednesday, May 22, hearing in Memphis, a judge halted the sale, stating that under state law, any sale or "loss" of the estate "will be considered irreparable harm."

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

<p>GAB Archive/Redferns</p> Exterior view of Graceland in 2018

GAB Archive/Redferns

Exterior view of Graceland in 2018

Graceland and Elvis Presley Enterprises later released a statement to PEOPLE, writing: "As the court has now made clear, there was no validity to the claims."

"There will be no foreclosure," both parties wrote. "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."

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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."

Hours after the sale was blocked, an attorney for Keough "received an email from Gregory Naussany confirming they do not intend to move forward with their claim," a rep for Graceland said in a statement to PEOPLE.

Naussany reportedly said the company would not proceed, as a key document in the case and the loan apparently taken out by the late Lisa Marie Presley were recorded and obtained in a different state, meaning legal action would have to filed in more than one state, according to the Associated Press. It remains unclear the name of the other state.

<p>Jason LaVeris/FilmMagic</p> Priscilla Presley and Riley Keough in Hollywood in May 2016

Jason LaVeris/FilmMagic

Priscilla Presley and Riley Keough in Hollywood in May 2016

"There was no harm meant on Ms. Keough," someone named Gregory Naussany said in an email to the Memphis Commercial Appeal.

The AP reported that Naussany had a motion denying the accusations in Keough’s lawsuit and opposing the Graceland estate’s request for an injunction denied by a judge.

The Appeal, meanwhile, reported that the Shelby County Chancery Clerk's office confirmed it has not heard from Naussany Investments since the end of a hearing on Wednesday.

Naussany Investments did not immediately respond to PEOPLE’s request for comment.

On Thursday, May 20, Tennessee Attorney General Jonathan Skrmetti announced that he would "[look] into" the mysterious company's attempt to sell Graceland. Naussany previously claimed that Lisa Marie borrowed $3.8 million and gave them a deed of trust encumbering Graceland as security before her January 2023 death.

<p>Eric Charbonneau/Getty</p> Priscilla Presley, Lisa Marie Presley and Riley Keough in Los Angeles in May 2015

Eric Charbonneau/Getty

Priscilla Presley, Lisa Marie Presley and Riley Keough in Los Angeles in May 2015

Related: Tenn. Attorney General 'Looking Into' Graceland Foreclosure Sale Attempt Riley Keough Called 'Fraudulent'

"Graceland is one of the most iconic landmarks in the State of Tennessee, and the Presley family have generously shared it with the world since Elvis’s passing," Skrmetti wrote in a press release on Thursday.

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"Elvis made Memphis the center of the music universe, and Graceland stands as a monument to his legacy and a fond remembrance for his family," he continued. "My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland."

"I have asked my lawyers to look into this matter, determine the full extent of any misconduct that may have occurred, and identify what we can do to protect both Elvis Presley’s heirs and anyone else who may be similarly threatened," Skrmetti added.

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