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

Riley Keough is happy to have resolved the recent drama surrounding her grandfatherElvis 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."

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."

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 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 reportedl -

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y 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 theAssociated Press. It remains unclear the name of the other state.

"There was no harm meant on Ms. Keough," someone named Gregory Naussany said in an to theMemphis 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 sellGraceland. Naussany previously claimed that Lisa Marie borrowed $3.8 million andgave them a deed of trust encumbering Graceland as securitybeforeher January 2023 death.

"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 apress releaseon 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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