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Lisa Marie Presley Sued by Former Manager Barry Siegel for $800,000

Updated On 25 Jul, 2018 Published On

Lisa Marie Presley's former manager, Barry Siegel has sued her for $800,000 she allegedly owes him, multiple sources have confirmed.

The 50-year-old songstress had already fired Barry in March 2016, but, according to documents obtained, he claims that Lisa still owes him for unpaid work.

Barry further alleges that Lisa wasted her father Elvis Presley’s fortune since receiving her trust in 1993, insisting that her spending caused her financial troubles.

The suit comes five months after the only daughter of Elvis and Priscilla Presley sued Barry following a failed investment in February.

At the time, in the court document obtained, Lisa alleged Barry, who ran the trust that Elvis left for his daughter after her death in 1977, of selling 85% her interest in Elvis Presley Enterprises for $100 million in 2005

She further added that he used the money from the sale to invest in Core Entertainment, which is a parent company of American Idol. When Core went bankrupt in 2016, Lisa to claimed of losing $24.5 million.

On Tuesday, July 24, Barry’s attorney, Leon Gladstone, told Us Weekly that the claims made by Lisa are “outrageous.”

Leon Says,

The response and objection is my clients’ first opportunity to tell the public the truth about this matter and we are glad to be able to do that. The true story is very different from the story that Lisa Marie has told.

Days before February's suit filing, Lisa claimed that she was $16 million in debt when she filed for divorce from husband Michael Lockwood, ending their 10 years of marriage.

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