Securities Suit Targets Peabody Over Centurion Ramp‑Up Disclosures

Plaintiffs say withheld information about commissioning and mechanical problems at Peabody’s Centurion mine inflated the stock and could shape who leads the investor class.

Overview

A federal securities class action titled McGeachy v. Peabody Energy has been filed in the U.S. District Court for the Eastern District of Missouri alleging violations of the Securities Exchange Act by Peabody and certain current and former executives.
The complaint says company statements created a false impression that Centurion’s ramp-up was on track while Peabody concealed multiple operational issues, including commissioning problems and temporary mechanical and electrical failures that slowed longwall production.
Peabody’s March 30 disclosure that Centurion would deliver roughly 250,000 tons in Q1, far below prior 700,000‑ton expectations, coincided with a near 10% one‑day stock drop and is cited by plaintiffs as a corrective disclosure.
The company’s May 5 disclosure that it missed a March ramp‑up target and cut Centurion’s full‑year sales outlook from about 3.5 million tons to 2.5 million tons triggered another multi‑percent share decline and furthered the suit’s damages theory.
Lead‑plaintiff motions must be filed by August 24, 2026, and plaintiff firms are actively soliciting investors to preserve trade records, consider lead‑plaintiff roles, and provide information including potential whistleblower tips.