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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 (NASDAQ: SRAD) faces a securities class action lawsuit following a 22% stock collapse on April 22, 2026. Activist short sellers Muddy Waters Research and Callisto Research published reports alleging the company intentionally worked with black-market gambling operators, generating 20-40% of revenues from illegal sources, contradicting prior claims of strict legal compliance. The allegations wiped out over $800 million in market capitalization.
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