SBS says Peabody investors may join securities lawsuit over Centurion mine claims
Schall, Brown & Schwartz LLP says Peabody Energy investors who bought BTU shares during a stated class period may contact the firm about a securities class action tied to the Centurion mine.
Schall, Brown & Schwartz LLP says it is reminding investors about a class action against Peabody Energy over alleged misleading statements tied to the Centurion mine.
Schall, Brown & Schwartz LLP said in an Aug. 13, 2026 press release that investors who bought Peabody Energy Corporation shares during a stated class period may contact the firm about a securities class action. The release says the lawsuit concerns alleged false and misleading statements about the company’s ability to predict the ramp-up and growth of its Centurion mine.
The firm said the case seeks to recover losses tied to those statements. The release says the proposed class period runs from Oct. 14, 2024, to May 4, 2026, and that the class has not yet been certified.
According to the press release, the complaint alleges violations of Section 10(b), Section 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. It says Peabody, which trades on the New York Stock Exchange under the ticker BTU, made statements that were false and materially misleading throughout the class period.
The release also says the Centurion mine faced wide-ranging issues and delays. It says investors suffered damages when the truth became known, though the press release does not provide those details in the text reviewed.
SBS described itself in the release as a national shareholder rights litigation firm. The firm said shareholders who bought BTU shares during the class period may contact it about possible lead plaintiff appointments. It also said lead plaintiff status is not required to take part in any recovery.
The release included contact information for Brian Schall and David Schwartz at the firm, along with the Los Angeles office address, phone number, website and email. Because the class has not been certified, the release says recipients are not represented by an attorney at this stage.
What happens next will depend on the court process and any class certification ruling. The press release does not say when that will occur.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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