Hagens Berman is investigating Peabody Energy Corporation regarding alleged violations of federal securities laws following a class action lawsuit that claims the company misled investors about the operational status of its Centurion metallurgical coal mine in Queensland, Australia. The lawsuit alleges that throughout the class period from October 14, 2024 to May 4, 2026, Peabody made false statements about the mine's readiness, including a February 2026 claim that the team was installing the very last shield and that mining had begun, while actually encountering mechanical, electrical, and operational issues that severely impaired the ramp-up. On March 30, 2026, Peabody slashed its first-quarter Centurion production guidance from approximately 700,000 tons to roughly 250,000 tons, causing shares to drop almost 10%, and on May 5, 2026, it lowered its full-year sales outlook for Centurion to 2.5 million tons, a 28% reduction that sent shares down nearly 6%. The lead plaintiff deadline is August 24, 2026.
Peabody Energy CorpSecurities class action and production guidance cuts for Centurion mine hurt investor confidence and stock price.