Kessler Topaz Meltzer & Check has filed a securities fraud class action lawsuit against Sportradar Group AG on behalf of investors who purchased or acquired Sportradar Class A ordinary shares between November 7, 2024, and April 21, 2026. The complaint alleges that Sportradar made materially false and misleading statements and failed to disclose that it intentionally worked with black-market gambling operators to increase revenues, that its Know-Your-Customer and compliance processes were not as robust as claimed, and that its statements about business, operations, and prospects lacked a reasonable basis. On April 22, 2026, reports from Muddy Waters Research and Callisto Research revealed the alleged misconduct, causing Sportradar Class A ordinary shares to drop $3.80 per share, or approximately 22.6%, from a close of $16.84 on April 21 to $13.04 on April 22. Investors have until July 17, 2026, to seek lead plaintiff status in the case, which is pending in the United States District Court for the Southern District of New York.
Sportradar Group AGSecurities fraud class action lawsuit alleges misconduct with black-market gambling operators and inadequate compliance, causing 22.6% share drop.
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