Hagens Berman Launches Probe Into Peabody Energy Over Centurion Mine

The pending litigation centers on the period between October 14, 2024, and May 4, 2026. Plaintiffs claim that despite Peabody’s public assurances in February 2026 that the mine was nearing full-scale production and had begun extracting metallurgical coal, the company was actually grappling with persistent operational issues. These internal difficulties were reportedly ignored or downplayed by leadership, leading to a series of disclosures that damaged share prices.

The discrepancy between public statements and operational reality surfaced in two major steps. On March 30, 2026, Peabody slashed its first-quarter production guidance for the site from 700,000 tons to 250,000 tons, triggering a nearly 10% drop in stock value. A second blow followed on May 5, 2026, when the company cut its full-year sales outlook by 28%, citing ongoing commissioning headwinds. This announcement resulted in a further 6% decline in share price.

Reed Kathrein, the partner leading the Hagens Berman investigation, stated the firm is working to pinpoint exactly when management became aware that the ramp-up was failing. Investors who held stock during the class period have until August 24, 2026, to file as lead plaintiffs. The firm is also inviting potential whistleblowers with non-public information regarding the mine’s performance to come forward, noting the possibility of rewards under SEC programs.