Class Action Lawsuit Filed Against Sportradar Group AG
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Globenewswire
- Class Action Initiation: The Rosen Law Firm has filed 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, allowing potential lead plaintiffs to apply by July 17, 2026, indicating the legal process is underway.
- Compensation Opportunities: Eligible investors may receive compensation without any upfront costs through a contingency fee arrangement, providing financial security and reducing the risk of participating in the lawsuit.
- Allegations Unveiled: The lawsuit alleges that Sportradar collaborated with black-market gambling operators to boost revenues and that its Know-Your-Customer and compliance processes were not as robust as claimed, potentially leading to investor losses due to misinformation.
- Law Firm Credentials: The Rosen Law Firm is recognized 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.
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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: 13.050
Low
26.00
Averages
32.17
High
37.00
Current: 13.050
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.
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, which directly impacted investor confidence and triggered a class action lawsuit, highlighting the escalating legal risks faced by the company.
- Legal Allegations: The lawsuit alleges that Sportradar intentionally collaborated with black-market gambling operators to boost revenues, despite the company's claims of strict legal and ethical compliance, which could lead to harsher regulatory scrutiny and legal repercussions.
- Investigation Progress: Hagens Berman is investigating Sportradar's business practices, suggesting that the company may have recorded illegally obtained revenues without disclosure, potentially resulting in further investor losses and legal liabilities.
- Market Reaction: The market reacted swiftly to the negative news about Sportradar, severely undermining investor trust in its business model, which may affect the company's future financing capabilities and market position.
See More
Multiple Companies Face Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is accused of misleading investors from May 8, 2025, to March 30, 2026, by claiming reliable long-term growth prospects, while the uncertainty of its pharmaceutical marketing commitments jeopardizes the 2027 revenue target.
- Sportradar Violations: Sportradar Group AG faces allegations from November 7, 2024, to April 21, 2026, of collaborating with black-market gambling operators, undermining its claims of strict legal compliance and rendering its positive business outlook misleading.
- Commvault Sales Issues: Commvault Systems Inc. is accused of failing to disclose the impact of sales types on its annual recurring revenue (ARR) growth from April 29, 2025, to January 26, 2026, leading to misleading statements about its business prospects.
- Veritone Financial Misconduct: Veritone, Inc. is charged with inaccurately recording and misclassifying revenue from October 14, 2025, to April 14, 2026, necessitating a restatement of financial statements and severely impacting investor confidence in its financial health.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Class Action Filed: Bronstein, Gewirtz & Grossman, LLC has initiated a class action lawsuit against Sportradar Group AG, seeking damages for investors who purchased securities between November 7, 2024, and April 21, 2026, highlighting serious concerns over the company's compliance and transparency.
- Allegations of False Statements: The complaint alleges that Sportradar engaged with black-market gambling operators to inflate revenues while claiming adherence to strict legal and regulatory standards, which could undermine investor confidence and negatively impact stock prices.
- Compliance Deficiencies: It further claims that the company's know-your-customer (KYC) and compliance protocols were significantly weaker than represented, potentially exposing investors to substantial financial losses due to misleading statements.
- Investor Rights Protection: Affected investors are encouraged to apply to be lead plaintiffs by July 17, 2026, with Bronstein, Gewirtz & Grossman, LLC offering legal support on a contingency fee basis, ensuring that investor rights are upheld throughout the process.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Class Action Reminder: The Schall Law Firm reminds investors of a class action lawsuit against Sportradar Group for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between November 7, 2024, and April 21, 2026.
- False Statement Allegations: The complaint alleges that Sportradar made false and misleading statements to the market, claiming compliance with legal guidelines while actually collaborating with black-market gambling organizations, resulting in investor losses.
- Legal Proceedings Status: The class action has not yet been certified, meaning investors are not represented by an attorney until certification occurs, and those who take no action will remain absent class members.
- Investor Rights Protection: The Schall Law Firm specializes in securities class action lawsuits and encourages affected investors to contact them before July 17, 2026, to participate in the lawsuit and seek compensation for their losses.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Lawsuit Background: Bleichmar Fonti & Auld LLP has announced a class action lawsuit against Sportradar Group AG and its executives for securities fraud, following a significant stock drop due to potential violations of federal securities laws.
- Stock Price Plunge: On April 22, 2026, Sportradar's stock fell from $16.84 to $13.04 per share, a decline of 22.6%, primarily triggered by a report from Muddy Waters revealing that the company's business model relies on illegal gambling operators.
- Details of Allegations: The lawsuit claims that Sportradar violated its stated high ethical standards by collaborating with unlicensed operators, resulting in approximately 20-40% of its revenue stemming from illegal markets, which severely impacts investor interests.
- Legal Implications: Investors have until July 17, 2026, to apply to lead the case, and if successful, this could have significant financial repercussions for Sportradar while potentially prompting broader regulatory scrutiny across the industry.
See More
Class Action Lawsuit Filed Against Sportradar Group AG
- Class Action Initiation: The Rosen Law Firm has filed 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, allowing potential lead plaintiffs to apply by July 17, 2026, indicating the legal process is underway.
- Compensation Opportunities: Eligible investors may receive compensation without any upfront costs through a contingency fee arrangement, providing financial security and reducing the risk of participating in the lawsuit.
- Allegations Unveiled: The lawsuit alleges that Sportradar collaborated with black-market gambling operators to boost revenues and that its Know-Your-Customer and compliance processes were not as robust as claimed, potentially leading to investor losses due to misinformation.
- Law Firm Credentials: The Rosen Law Firm is recognized 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
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, which directly impacted investor confidence and triggered a class action lawsuit, highlighting the escalating legal risks faced by the company.
- Legal Allegations: The lawsuit alleges that Sportradar intentionally collaborated with black-market gambling operators to boost revenues, despite the company's claims of strict legal and ethical compliance, which could lead to harsher regulatory scrutiny and legal repercussions.
- Investigation Progress: Hagens Berman is investigating Sportradar's business practices, suggesting that the company may have recorded illegally obtained revenues without disclosure, potentially resulting in further investor losses and legal liabilities.
- Market Reaction: The market reacted swiftly to the negative news about Sportradar, severely undermining investor trust in its business model, which may affect the company's future financing capabilities and market position.
See More
Multiple Companies Face Class Action Lawsuits
- Phreesia Lawsuit: Phreesia Inc. is accused of misleading investors from May 8, 2025, to March 30, 2026, by claiming reliable long-term growth prospects, while the uncertainty of its pharmaceutical marketing commitments jeopardizes the 2027 revenue target.
- Sportradar Violations: Sportradar Group AG faces allegations from November 7, 2024, to April 21, 2026, of collaborating with black-market gambling operators, undermining its claims of strict legal compliance and rendering its positive business outlook misleading.
- Commvault Sales Issues: Commvault Systems Inc. is accused of failing to disclose the impact of sales types on its annual recurring revenue (ARR) growth from April 29, 2025, to January 26, 2026, leading to misleading statements about its business prospects.
- Veritone Financial Misconduct: Veritone, Inc. is charged with inaccurately recording and misclassifying revenue from October 14, 2025, to April 14, 2026, necessitating a restatement of financial statements and severely impacting investor confidence in its financial health.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Class Action Filed: Bronstein, Gewirtz & Grossman, LLC has initiated a class action lawsuit against Sportradar Group AG, seeking damages for investors who purchased securities between November 7, 2024, and April 21, 2026, highlighting serious concerns over the company's compliance and transparency.
- Allegations of False Statements: The complaint alleges that Sportradar engaged with black-market gambling operators to inflate revenues while claiming adherence to strict legal and regulatory standards, which could undermine investor confidence and negatively impact stock prices.
- Compliance Deficiencies: It further claims that the company's know-your-customer (KYC) and compliance protocols were significantly weaker than represented, potentially exposing investors to substantial financial losses due to misleading statements.
- Investor Rights Protection: Affected investors are encouraged to apply to be lead plaintiffs by July 17, 2026, with Bronstein, Gewirtz & Grossman, LLC offering legal support on a contingency fee basis, ensuring that investor rights are upheld throughout the process.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Class Action Reminder: The Schall Law Firm reminds investors of a class action lawsuit against Sportradar Group for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between November 7, 2024, and April 21, 2026.
- False Statement Allegations: The complaint alleges that Sportradar made false and misleading statements to the market, claiming compliance with legal guidelines while actually collaborating with black-market gambling organizations, resulting in investor losses.
- Legal Proceedings Status: The class action has not yet been certified, meaning investors are not represented by an attorney until certification occurs, and those who take no action will remain absent class members.
- Investor Rights Protection: The Schall Law Firm specializes in securities class action lawsuits and encourages affected investors to contact them before July 17, 2026, to participate in the lawsuit and seek compensation for their losses.
See More
Sportradar Group Faces Class Action for Securities Fraud
- Lawsuit Background: Bleichmar Fonti & Auld LLP has announced a class action lawsuit against Sportradar Group AG and its executives for securities fraud, following a significant stock drop due to potential violations of federal securities laws.
- Stock Price Plunge: On April 22, 2026, Sportradar's stock fell from $16.84 to $13.04 per share, a decline of 22.6%, primarily triggered by a report from Muddy Waters revealing that the company's business model relies on illegal gambling operators.
- Details of Allegations: The lawsuit claims that Sportradar violated its stated high ethical standards by collaborating with unlicensed operators, resulting in approximately 20-40% of its revenue stemming from illegal markets, which severely impacts investor interests.
- Legal Implications: Investors have until July 17, 2026, to apply to lead the case, and if successful, this could have significant financial repercussions for Sportradar while potentially prompting broader regulatory scrutiny across the industry.
See More
Class Action Lawsuit Filed Against Sportradar Group AG
- Class Action Initiation: The Rosen Law Firm has filed 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, allowing potential lead plaintiffs to apply by July 17, 2026, indicating the legal process is underway.
- Compensation Opportunities: Eligible investors may receive compensation without any upfront costs through a contingency fee arrangement, providing financial security and reducing the risk of participating in the lawsuit.
- Allegations Unveiled: The lawsuit alleges that Sportradar collaborated with black-market gambling operators to boost revenues and that its Know-Your-Customer and compliance processes were not as robust as claimed, potentially leading to investor losses due to misinformation.
- Law Firm Credentials: The Rosen Law Firm is recognized 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
