Bronstein, Gewirtz & Grossman has filed a class action lawsuit against Peabody Energy Corporation and certain officers, alleging securities law violations. The suit covers investors who purchased Peabody Energy securities between October 14, 2024 and May 4, 2026, and claims the company made false statements about the Centurion mine's commissioning challenges, including electrical and mechanical problems that made the March 2026 longwall production deadline unachievable. On March 30 and May 5, 2026, Peabody disclosed the mine's issues, slashing its full-year sales outlook from 3.5 million to 2.5 million tons and raising cost guidance to $123 to $133 per ton, causing BTU shares to fall approximately 37% from $39.50 to $25.00. Investors have until August 24, 2026 to seek lead plaintiff appointment.
Peabody Energy CorpClass action lawsuit alleging securities law violations over false statements about Centurion mine issues, causing 37% stock drop.