Hagens Berman Sobol Shapiro LLP is investigating claims in a securities class action lawsuit against Sportradar Group AG and its executives. The lawsuit, brought on behalf of investors who purchased Sportradar Class A ordinary shares between November 7, 2024 and April 21, 2026, alleges the company misrepresented its compliance with legal and regulatory standards while deliberately partnering with black-market unlicensed gambling operators to inflate revenues. On April 22, 2026, short seller reports from Muddy Waters Research and Callisto Research triggered a 22% single-day stock price collapse, wiping out over $800 million in market capitalization. Muddy Waters estimated that illegal operators deliver approximately 20-40% of total revenues, while Callisto found evidence that over 270 platforms using Sportradar’s products or services were operating illegally. Investors who suffered losses are encouraged to contact the firm before the July 17, 2026 lead plaintiff deadline.
Sportradar Group AGAllegations of partnering with illegal gambling operators and misrepresenting compliance, leading to a 22% stock drop and securities class action.