Class Action Lawsuit Filed Against Sportradar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 55 minutes ago
0mins
Source: Globenewswire
- Lawsuit Background: Bragar Eagel & Squire has filed a class action lawsuit against Sportradar in the Southern District of New York on behalf of investors who purchased Class A shares between November 7, 2024, and April 21, 2026, indicating potential serious legal compliance issues within the company.
- Allegation Details: The lawsuit alleges that Sportradar collaborated with black-market gambling operators to boost revenues, despite the company's claims of strict legal and ethical compliance, which could severely undermine investor confidence in the company's future prospects.
- Stock Price Impact: Following a report from Muddy Waters Research alleging Sportradar's involvement in illegal gambling activities, the company's stock price dropped, reflecting market concerns regarding the company's reputation and compliance practices.
- Investor Action: Affected investors must apply by July 17, 2026, to be appointed as lead plaintiffs in the lawsuit, highlighting the importance of legal proceedings in protecting investor rights and interests.
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Analyst Views on SRAD
Wall Street analysts forecast SRAD stock price to rise
14 Analyst Rating
13 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.210
Low
26.00
Averages
32.17
High
37.00
Current: 13.210
Low
26.00
Averages
32.17
High
37.00
About SRAD
Sportradar Group AG is a Switzeland-based technology platform provider. The Company offers platform which enables engagement in sports, and the number one provider of business-to-business (B2B) solutions to the global sports betting industry. It offers integrated sports data and technology platforms whixh simplify its customers’ operations, drive efficiencies and improve fan experiences. The Company’s software solutions address the sports betting value chain from traffic generation and advertising technology, to the collection, processing and extrapolation of data and odds, to visualization solutions, risk management and platform services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Class Action Lawsuit Filed Against Sportradar
- Lawsuit Background: Bragar Eagel & Squire has filed a class action lawsuit against Sportradar in the Southern District of New York on behalf of investors who purchased Class A shares between November 7, 2024, and April 21, 2026, indicating potential serious legal compliance issues within the company.
- Allegation Details: The lawsuit alleges that Sportradar collaborated with black-market gambling operators to boost revenues, despite the company's claims of strict legal and ethical compliance, which could severely undermine investor confidence in the company's future prospects.
- Stock Price Impact: Following a report from Muddy Waters Research alleging Sportradar's involvement in illegal gambling activities, the company's stock price dropped, reflecting market concerns regarding the company's reputation and compliance practices.
- Investor Action: Affected investors must apply by July 17, 2026, to be appointed as lead plaintiffs in the lawsuit, highlighting the importance of legal proceedings in protecting investor rights and interests.
See More
Sportradar Group Faces Class Action Lawsuit
- Stock Price Collapse: Sportradar's shares plummeted from $16.84 to $13.04 on April 22, 2026, following reports from two independent research firms alleging the company knowingly partnered with illegal gambling operators, resulting in a 22.6% drop and a loss of $3.80 per share, which severely impacted investor confidence and market valuation.
- Widespread Allegations: The reports identified over 270 illegal platforms linked to Sportradar, representing more than a third of its claimed 800 clients, highlighting significant compliance failures that could lead to further investigations and penalties from regulators.
- Management Credibility Damaged: Sportradar's previous claims of being the integrity backbone of the global sports betting industry were contradicted by the findings, leading to a sharp decline in market trust regarding its future revenue sources, which may hinder long-term business growth.
- Potential Legal Consequences: The initiation of a class action lawsuit indicates that the company may face substantial damages, with investors who purchased shares between November 7, 2024, and April 21, 2026, potentially entitled to compensation due to information asymmetry, further exacerbating concerns over its compliance and transparency.
See More
Multiple Companies Face Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is accused of misleading investors during the period from May 8, 2025, to March 30, 2026, by claiming reliable long-term growth prospects, while the uncertainty surrounding its pharmaceutical marketing commitments jeopardizes the 2027 revenue target.
- Sportradar Allegations: Sportradar Group AG faces accusations of collaborating with black-market gambling operators to boost revenues from November 7, 2024, to April 21, 2026, despite claims of strict legal compliance, rendering its positive business outlook misleading.
- Commvault Sales Issues: Commvault Systems Inc. is charged with failing to disclose the impact of different sales types on annual recurring revenue (ARR) growth during the period from April 29, 2025, to January 26, 2026, leading to misleading statements about its business prospects.
- Veritone Financial Misconduct: Veritone, Inc. is accused of inaccurately recording and misclassifying revenue and costs from October 14, 2025, to April 14, 2026, necessitating a restatement of financial statements, which severely undermines investor confidence in its operations.
See More
Sportradar Faces Securities Class Action Lawsuit
- Stock Price Collapse: On April 22, 2026, Sportradar's shares plummeted by 22%, erasing over $800 million in market capitalization in a single day, reflecting severe investor concerns regarding the legality of the company's business model, which may impact future financing capabilities.
- Lawsuit Context: The class action lawsuit represents investors who purchased Sportradar Class A ordinary shares between November 7, 2024, and April 21, 2026, alleging that the company failed to disclose its collaboration with black-market gambling operators, potentially leading to significant financial liabilities for the firm.
- Investigation Developments: Hagens Berman is investigating Sportradar's business practices, accusing the company of intentionally partnering with illegal gambling operators without informing investors, which could result in stricter regulatory scrutiny and legal repercussions for the company.
- Market Reaction: Reports from Muddy Waters Research and Callisto Research revealed Sportradar's connections to illegal markets, likely leading to a decline in investor confidence and further impacting the company's market performance and shareholder value.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Lawsuit Background: Bleichmar Fonti & Auld LLP has filed a class action lawsuit against Sportradar Group and its executives for securities fraud, resulting in a significant stock drop of 22.6% on April 22, 2026, from $16.84 to $13.04 per share, which undermines investor confidence.
- Allegations Details: The lawsuit claims that Sportradar's business model relies on illegal gambling operators, with estimates suggesting that illegal revenue constitutes 20% to 40% of total revenues, which not only damages the company's reputation but may also lead to stricter regulatory scrutiny.
- Market Reaction: Reports from Muddy Waters and Callisto Research revealed Sportradar's connections to illegal markets, causing a sharp stock decline and exposing investors to potential financial losses, while three U.S. gambling regulators have initiated reviews into the company.
- Legal Consequences: Investors have until July 17, 2026, to apply to lead the case, with BFA Law promising no litigation costs, demonstrating their commitment to protecting investor rights.
See More
Class Action Lawsuit Announced for Sportradar Group AG
- Class Action Initiation: The Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased Class A ordinary shares of Sportradar Group AG between November 7, 2024, and April 21, 2026, with a deadline of July 17, 2026, for those wishing to serve as lead plaintiff, highlighting the urgency and significance of the case.
- Compensation Structure: Investors participating in the lawsuit may receive compensation without any upfront costs through a contingency fee arrangement, which alleviates financial burdens and encourages more affected individuals to join the action.
- Allegations Overview: The lawsuit alleges that Sportradar collaborated with black-market gambling operators despite claims of strict legal compliance, resulting in significant investor losses when the truth emerged, indicating serious deficiencies in corporate governance and compliance processes.
- Law Firm Credentials: The Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, which enhances investor confidence in the firm's capability to handle this case effectively.
See More
Class Action Lawsuit Filed Against Sportradar
- Lawsuit Background: Bragar Eagel & Squire has filed a class action lawsuit against Sportradar in the Southern District of New York on behalf of investors who purchased Class A shares between November 7, 2024, and April 21, 2026, indicating potential serious legal compliance issues within the company.
- Allegation Details: The lawsuit alleges that Sportradar collaborated with black-market gambling operators to boost revenues, despite the company's claims of strict legal and ethical compliance, which could severely undermine investor confidence in the company's future prospects.
- Stock Price Impact: Following a report from Muddy Waters Research alleging Sportradar's involvement in illegal gambling activities, the company's stock price dropped, reflecting market concerns regarding the company's reputation and compliance practices.
- Investor Action: Affected investors must apply by July 17, 2026, to be appointed as lead plaintiffs in the lawsuit, highlighting the importance of legal proceedings in protecting investor rights and interests.
See More
Sportradar Group Faces Class Action Lawsuit
- Stock Price Collapse: Sportradar's shares plummeted from $16.84 to $13.04 on April 22, 2026, following reports from two independent research firms alleging the company knowingly partnered with illegal gambling operators, resulting in a 22.6% drop and a loss of $3.80 per share, which severely impacted investor confidence and market valuation.
- Widespread Allegations: The reports identified over 270 illegal platforms linked to Sportradar, representing more than a third of its claimed 800 clients, highlighting significant compliance failures that could lead to further investigations and penalties from regulators.
- Management Credibility Damaged: Sportradar's previous claims of being the integrity backbone of the global sports betting industry were contradicted by the findings, leading to a sharp decline in market trust regarding its future revenue sources, which may hinder long-term business growth.
- Potential Legal Consequences: The initiation of a class action lawsuit indicates that the company may face substantial damages, with investors who purchased shares between November 7, 2024, and April 21, 2026, potentially entitled to compensation due to information asymmetry, further exacerbating concerns over its compliance and transparency.
See More
Multiple Companies Face Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is accused of misleading investors during the period from May 8, 2025, to March 30, 2026, by claiming reliable long-term growth prospects, while the uncertainty surrounding its pharmaceutical marketing commitments jeopardizes the 2027 revenue target.
- Sportradar Allegations: Sportradar Group AG faces accusations of collaborating with black-market gambling operators to boost revenues from November 7, 2024, to April 21, 2026, despite claims of strict legal compliance, rendering its positive business outlook misleading.
- Commvault Sales Issues: Commvault Systems Inc. is charged with failing to disclose the impact of different sales types on annual recurring revenue (ARR) growth during the period from April 29, 2025, to January 26, 2026, leading to misleading statements about its business prospects.
- Veritone Financial Misconduct: Veritone, Inc. is accused of inaccurately recording and misclassifying revenue and costs from October 14, 2025, to April 14, 2026, necessitating a restatement of financial statements, which severely undermines investor confidence in its operations.
See More
Sportradar Faces Securities Class Action Lawsuit
- Stock Price Collapse: On April 22, 2026, Sportradar's shares plummeted by 22%, erasing over $800 million in market capitalization in a single day, reflecting severe investor concerns regarding the legality of the company's business model, which may impact future financing capabilities.
- Lawsuit Context: The class action lawsuit represents investors who purchased Sportradar Class A ordinary shares between November 7, 2024, and April 21, 2026, alleging that the company failed to disclose its collaboration with black-market gambling operators, potentially leading to significant financial liabilities for the firm.
- Investigation Developments: Hagens Berman is investigating Sportradar's business practices, accusing the company of intentionally partnering with illegal gambling operators without informing investors, which could result in stricter regulatory scrutiny and legal repercussions for the company.
- Market Reaction: Reports from Muddy Waters Research and Callisto Research revealed Sportradar's connections to illegal markets, likely leading to a decline in investor confidence and further impacting the company's market performance and shareholder value.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Lawsuit Background: Bleichmar Fonti & Auld LLP has filed a class action lawsuit against Sportradar Group and its executives for securities fraud, resulting in a significant stock drop of 22.6% on April 22, 2026, from $16.84 to $13.04 per share, which undermines investor confidence.
- Allegations Details: The lawsuit claims that Sportradar's business model relies on illegal gambling operators, with estimates suggesting that illegal revenue constitutes 20% to 40% of total revenues, which not only damages the company's reputation but may also lead to stricter regulatory scrutiny.
- Market Reaction: Reports from Muddy Waters and Callisto Research revealed Sportradar's connections to illegal markets, causing a sharp stock decline and exposing investors to potential financial losses, while three U.S. gambling regulators have initiated reviews into the company.
- Legal Consequences: Investors have until July 17, 2026, to apply to lead the case, with BFA Law promising no litigation costs, demonstrating their commitment to protecting investor rights.
See More
Class Action Lawsuit Announced for Sportradar Group AG
- Class Action Initiation: The Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased Class A ordinary shares of Sportradar Group AG between November 7, 2024, and April 21, 2026, with a deadline of July 17, 2026, for those wishing to serve as lead plaintiff, highlighting the urgency and significance of the case.
- Compensation Structure: Investors participating in the lawsuit may receive compensation without any upfront costs through a contingency fee arrangement, which alleviates financial burdens and encourages more affected individuals to join the action.
- Allegations Overview: The lawsuit alleges that Sportradar collaborated with black-market gambling operators despite claims of strict legal compliance, resulting in significant investor losses when the truth emerged, indicating serious deficiencies in corporate governance and compliance processes.
- Law Firm Credentials: The Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, which enhances investor confidence in the firm's capability to handle this case effectively.
See More
