finance
Sportradar Faces Securities Class Action Over Share Disclosures
A securities class action lawsuit has been filed against Sportradar Group AG covering shares purchased between November 7, 2024 and April 21, 2026. The filing follows a 22 percent drop in the company's stock price on April 22, 2026.
May 25, 11:45 AM·1m read1 source
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A securities class action lawsuit seeks to represent investors who bought Sportradar Group AG Class A ordinary shares between November 7, 2024 and April 21, 2026. The suit was announced on May 25, 2026 by the law firm Hagens Berman. The complaint follows a 22 percent decline in Sportradar shares on April 22, 2026.
That drop occurred after reports from Muddy Waters Research and Callisto Research questioned the legality of the company's business practices and revenue sources.
Berman stated it is investigating claims that Sportradar's disclosures before April 22 violated federal securities laws. Investors who acquired shares during the stated period and incurred losses are invited to contact the firm. The class period runs from November 7, 2024 through April 21, 2026.
The deadline for anyone seeking to serve as lead plaintiff is July 17, 2026. The complaint alleges that Sportradar misrepresented and failed to disclose that the company intentionally worked with black-market gambling operators to increase its revenues.
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