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| Above, the Graceland swimming pool with the Meditation Garden in the background. Photo by Armand Vaquer. |
Elvis Presley Enterprises lost a round in court after a judge dismissed a lawsuit they filed against the city of Memphis.
The Daily Memphian reported:
Graceland’s battle with the city and Memphis Grizzlies over a FedExForum noncompete clause is expected to continue in a higher court after a lawsuit was dismissed in Shelby County Chancery Court.
Graceland officials said they’ll appeal to the state Court of Appeals and state Supreme Court, if necessary, to prove their claim that the non-compete clause doesn’t bar public financing for a 6,200-seat arena.
Chancellor Jim Kyle on Thursday granted a motion by the city and Grizzlies owners to dismiss Graceland’s lawsuit, which sought a declaratory judgment on the dispute.
Joel Weinshanker, managing partner of Graceland Holdings LLC, said he hadn’t expected the case to be resolved in Chancery Court.
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