The Morphy House, longtime site of Brennan’s Restaurant, is slated to hit the auction block May 23 (if you have a spare $3-5 million on hand). Via Nola.com:

In recent years, Brennan’s has been mired in legal and financial troubles. According to separate court records, it is in debt and facing foreclosure.

Brennan’s is a restaurant with a prestigious, if litigious, history. It was founded by Owen Edward Brennan, patriarch of the city’s most famous family of restaurateurs.

Owen Brennan’s sons, Ted, Pip and Jimmy, ran Brennan’s on Royal Street for years.

In 2010, Jimmy died, and Pip retired, selling his shares back to the business.

That seems to be the linchpin of the latest argument.

Update: Sold!