Presley's attorney called the lawsuit "a sad and vicious attempt to falsely tarnish the reputation of an eighty-year-old woman."

Priscilla Presley posted a tribute to her late former husband, Elvis Presley, on Aug. 16, the 48th anniversary of his death.

Priscilla Presley’s former business partners have filed a lawsuit seeking more than $50 million in damages, alleging fraud and breach of contract.