◆ NeutralSRAD

Sportradar Group AG (SRAD) Facing Securities Class Action Amid Activist Short Seller Accusations of Illegal Business Model and $800 Million Market Cap Wipeout – Hagens Berman

GlobeNewswire Inc.·
Sportradar Group AG (SRAD) Facing Securities Class Action Amid Activist Short Seller Accusations of Illegal Business Model and $800 Million Market Cap Wipeout – Hagens Berman

Sportradar Group (NASDAQ: SRAD) faces a securities class action lawsuit after activist short sellers Muddy Waters Research and Callisto Research published reports accusing the company of intentionally working with black-market gambling operators and misleading investors about regulatory compliance. The allegations claim 20-40% of Sportradar's revenues come from illegal operators. The stock collapsed 22% on April 22, 2026, wiping out over $800 million in market capitalization.

Read Full Article at GlobeNewswire Inc.
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