Hagens Berman investigates Peabody over Centurion mine class action claims

Robbins LLP, Rosen Law Firm and Pomerantz LLP said investors in Peabody Energy Corporation may be eligible to participate in a securities class action alleging the company misled shareholders about expected production from its Centurion mine, while Hagens Berman said it is investigating related claims. The proposed class period runs from Oct. 14, 2024 to May 4, 2026, and investors seeking to serve as lead plaintiff must file with the court by Aug. 24, 2026. The complaint alleges Peabody gave investors overly optimistic guidance about the mine's ramp-up, including a March 2026 timeline for Centurion to reach expected longwall production rates in fiscal 2026, despite numerous issues that delayed the mine's development. Rosen said the lawsuit contends Peabody made overwhelmingly positive statements while concealing the true state of the mine and the problems delaying commissioning and a return to full longwall production. The alleged misstatements were partially revealed in a March 30, 2026 disclosure that lowered first-quarter 2026 output guidance for Centurion to about 250,000 tons from previous estimates of around 700,000 tons. Robbins said Peabody shares fell from $39.50 on March 27 to $35.68 on March 30, a decline of about 9.7%. Pomerantz said the stock fell $3.82 per share, or 9.67%, to close at $35.68 on March 30, 2026. The firms also pointed to a May 5, 2026 disclosure that Centurion had failed to ramp up by the March 2026 deadline and that guidance was cut again. Pomerantz said the stock fell $1.52 per share, or 5.73%, to close at $25.00 on May 5, 2026, while the earlier Robbins release described the move as a 5.7% decline but listed the date as May 5, 2025. Rosen said investors may seek compensation through a contingency fee arrangement and noted that no class has yet been certified.