The complaint, McGeachy v. Peabody Energy Corporation, claims that defendants misrepresented the reliability of information concerning the Centurion mine's ramp-up schedule and growth projections. According to the filing, the company failed to disclose significant operational hurdles that delayed the return to full longwall production.
Financial impacts emerged in early 2026. On March 30, Peabody Energy reduced its first-quarter output guidance for the Centurion mine by 450,000 tons, triggering a nearly 10% drop in stock price. A subsequent announcement on May 5 confirmed that the mine had missed its March 2026 ramp-up deadline, leading to further guidance cuts and an additional 6% decline in share value. Robbins Geller Rudman & Dowd LLP is representing those seeking to act as lead plaintiffs in the case.
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