Oxmoor Data Center Lawsuit Explodes | Huntsville News

A Regions Bank shareholder is suing Nebius Inc. and bank officials over a $66 million alleged fraud in the Oxmoor Valley data center deal, claiming the bank sold land for far less than its true value after it was secretly flipped multiple times in one day. The lawsuit accuses insiders of conflicts of interest, including a director’s son’s law firm representing Nebius and another executive who once sat on the bank’s board. This is the fourth legal challenge against Nebius in Birmingham, as homeowners and the Humane Society also fight to stop construction. The shareholder tried to get management to act first — with no success — so they filed suit directly in Jefferson County Circuit Court, where no response has been filed yet. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/38503edbe49b260e