Peabody Energy Corporation faces a securities class action lawsuit over disclosures about problems at its flagship Centurion metallurgical coal mine. The lawsuit seeks to represent investors who purchased Peabody shares between October 14, 2024 and May 4, 2026. On March 30, 2026, the company slashed Centurion's first-quarter production forecast by about 64% to approximately 250,000 tons, and on May 5, 2026, it revealed temporary mechanical and electrical issues during commissioning and cut the full-year sales outlook by 28% to 2.5 million tons. These disclosures caused Peabody's share price to fall 36% between March 27 and May 5, 2026. The law firm Hagens Berman is investigating whether Peabody and its management violated federal securities laws.
Peabody Energy CorpSecurities class action lawsuit over alleged misleading disclosures about Centurion mine problems, causing share price drop.