Peabody faces securities fraud class action after 9.7% stock drop

A securities class action has been filed against Peabody Energy Corporation and certain senior executives over alleged misleading statements about production delays, commissioning problems and the ramp-up of the Centurion premium hard coking coal mine. The case is pending in the U.S. District Court for the Eastern District of Missouri as McGeachy v. Peabody, et al., No. 26-cv-01020, according to the existing case record. The newly issued announcement from Bragar Eagel & Squire covers investors who purchased or otherwise acquired Peabody common stock from Oct. 14, 2024, through May 4, 2026, inclusive. Peabody said on March 30, 2026, that first-quarter Centurion sales volume was expected to be about 250,000 tons, versus previous estimates of around 700,000 tons, citing mining commissioning challenges. The stock fell 9.7%, from $39.50 on March 27 to $35.68 on March 30. On May 5, Peabody disclosed that Centurion had not ramped up by the expected March 2026 deadline and reduced guidance related to full-year metallurgical coal volumes, citing higher costs and lower production. The stock fell a further 5.7%, from $26.52 on May 4 to $25.00 on May 5, although the announcement misstated the latter date as May 5, 2025. Investors have until Aug. 24, 2026, to apply to become lead plaintiff.

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