Faruqi & Faruqi says Peabody investors face Aug. 24 deadline in class action
Faruqi & Faruqi says investors who bought or acquired Peabody Energy securities between Oct. 14, 2024, and May 4, 2026, may be eligible to seek lead-plaintiff status by Aug. 24, 2026.
Faruqi & Faruqi says some Peabody Energy investors may qualify for a federal securities class action tied to alleged disclosures about the Centurion mine.
Faruqi & Faruqi said in an Aug. 15 notice that investors who purchased or otherwise acquired Peabody Energy securities between Oct. 14, 2024, and May 4, 2026, may be eligible to join a federal securities class action and seek lead-plaintiff appointment by Aug. 24, 2026.
The notice centers on allegations that Peabody Energy and certain officers or directors made false or misleading statements and failed to disclose adverse facts about the Centurion mine. It says those alleged omissions involved delays in ramping up production and returning the mine to full longwall output.
The filing says investors bought Peabody securities at prices that were artificially inflated by the disputed statements. It is part of a securities lawsuit process in which a court may appoint a lead plaintiff to act on behalf of the class.
According to the notice, two later disclosures were followed by declines in Peabody’s share price. On March 30, 2026, Peabody allegedly lowered first-quarter 2026 output expectations for Centurion to about 250,000 tons from about 700,000 tons, citing “greater-than-anticipated mine commissioning challenges.” The notice says the stock fell $3.82, or about 9.7%, to $35.68.
On May 5, 2026, Peabody allegedly disclosed that it had missed a March 2026 ramp-up deadline and cut Centurion’s full-year sales outlook to 2.5 million tons from 3.5 million tons. The notice says the stock fell $1.52, or 5.7%, to $25.00.
The notice describes Faruqi & Faruqi as a national securities law firm founded in 1995 with offices in New York, Pennsylvania, California and Georgia. It says the firm has recovered hundreds of millions of dollars for investors. It also names partner James (Josh) Wilson as a contact for people who believe they suffered losses in Peabody Energy.
The notice says investors, whistleblowers, former employees, shareholders and others with information may contact the firm. It provides a website and phone numbers and says the lead-plaintiff deadline is Aug. 24, 2026.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
Comments ()