The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Eastern District of Missouri on behalf of shareholders of Peabody Energy Corporation who purchased common stock between October 14, 2024 and May 4, 2026.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy’s Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine’s expected first quarter 2026 output ahead of the Company’s full earnings release. In pertinent part, defendants announced that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to mining commissioning challenges (compared to previous estimates of around 700,000 tons). Following this news, the price of Peabody Energy’s common stock declined dramatically. From a closing market price of $39.50 per share on March 27, 2026, Peabody Energy’s stock price fell to $35.68 per share on March 30, 2026, a decline of about 9.7% in the span of a single trading day. On May 5, 2026, Peabody Energy issued a press release disclosing the Company’s failure to ramp-up Centurion by the long-awaited March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease. Following this news, Peabody Energy’s common stock declined from a closing market price of $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025, a decline of 5.7%.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until August 24, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
