{"success":true,"data":{"pressRelease":{"id":"41105","rtpr_id":"nBw1RBNrQa","ticker":"1M4","exchange":"","all_tickers":["1M4"],"title":"Law Offices of Frank R. Cruz Encourages Sportradar Group AG (SRAD) Shareholders To Inquire About Securities Fraud Class Action","author":"Business Wire","published_at":"2026-05-20T16:06:00.078Z","article_body":"Law Offices of Frank R. Cruz Encourages Sportradar Group AG (SRAD)\nShareholders To Inquire About Securities Fraud Class Action\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=5ee09106f31c47fafeabb707c7c9ea71)\nannounces that a class action lawsuit has been filed on behalf of shareholders\nwho purchased or otherwise acquired Sportradar Group AG (“Sportradar” or\nthe “Company”) (NASDAQ: SRAD\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Fsrad&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=SRAD&index=2&md5=3dedfb9b0ed67f2dbb4450692e2e8b0e)\n) Class A ordinary shares between November 7, 2024, and April 21, 2026,\ninclusive (the “Class Period”). Sportradar investors have until July 17,\n2026 to file a lead plaintiff motion.\n\nIF YOU SUFFERED A LOSS ON YOUR SPORTRADAR GROUP AG (SRAD) INVESTMENTS, CLICK\nHERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fsportradar-group-ag%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=HERE&index=3&md5=888c7b516cbc213c7666aaf0906d253a)\nTO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES\nFRAUD LAWSUIT.\n\nYou can also contact the Law Offices of Frank R. Cruz to discuss your legal\nrights by email at info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) , by\ntelephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=d0786a5ec1be7811f37548afda74c7bb)\n.\n\nWhat Happened?\n\nOn April 22, 2026, Muddy Waters Research released a report alleging, among\nother things, that Sportradar “has actively aided and abetted illegal\ngambling across the world's black and grey markets — not as an accident or\nan oversight, but as a business strategy.” Specifically, the report stated\nthat research had “documented nearly 50 clients who we deem to be operating\nillegally— including seven Russian sportsbooks, four SEA sportsbooks with\nconfirmed links to Cambodian human trafficking operations, one of whom its own\nsales team acknowledged was too afraid to attend a trade show for fear of\narrest — all actively running directly or indirectly on [Sportradar’s]\ndata infrastructure.”\n\nOn this news, Sportradar’s stock price fell $3.80, or 22.6%, to close at\n$13.04 per share on April 22, 2026, thereby injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\nthat: (1) Sportradar intentionally worked with black-market gambling operators\nto increase its revenues, despite its assurances of strict legal and\nregulatory compliance and claims that ethics and integrity were crucial for\nSportradar’s operations; (2) the Company’s KYC and compliance processes\nwere not as robust as Defendants’ had claimed; and (3) as a result,\nDefendants’ positive statements about the Company’s business, operations,\nand prospects were materially misleading and/or lacked a reasonable basis at\nall relevant times.\n\nContact Us To Participate or Learn More:\n\nIf you purchased Sportradar securities, wish to learn more about this action,\nor have any questions concerning this announcement or your rights or interests\nwith respect to these matters, please click HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fsportradar-group-ag%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=HERE&index=5&md5=a1037cdaa2efa07084461f2a8bb097b0)\nor contact us at:\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=08648a2c740e463be0c11ebc47dd2314)\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260520440467/en/\n(https://www.businesswire.com/news/home/20260520440467/en/)\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=www.frankcruzlaw.com&index=7&md5=edd2ef2c8b34be1db37c5c25891b90f8)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw1RBNrQa","title":"Law Offices of Frank R. Cruz Encourages Sportradar Group AG (SRAD) Shareholders To Inquire About Securities Fraud Class Action","author":"Business Wire","ticker":"1M4","created":"2026-05-20T16:06:00.078Z","tickers":["1M4"],"exchange":"","article_body":"Law Offices of Frank R. Cruz Encourages Sportradar Group AG (SRAD)\nShareholders To Inquire About Securities Fraud Class Action\n\nThe Law Offices of Frank R. Cruz\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=The+Law+Offices+of+Frank+R.+Cruz&index=1&md5=5ee09106f31c47fafeabb707c7c9ea71)\nannounces that a class action lawsuit has been filed on behalf of shareholders\nwho purchased or otherwise acquired Sportradar Group AG (“Sportradar” or\nthe “Company”) (NASDAQ: SRAD\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2Fsrad&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=SRAD&index=2&md5=3dedfb9b0ed67f2dbb4450692e2e8b0e)\n) Class A ordinary shares between November 7, 2024, and April 21, 2026,\ninclusive (the “Class Period”). Sportradar investors have until July 17,\n2026 to file a lead plaintiff motion.\n\nIF YOU SUFFERED A LOSS ON YOUR SPORTRADAR GROUP AG (SRAD) INVESTMENTS, CLICK\nHERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fsportradar-group-ag%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=HERE&index=3&md5=888c7b516cbc213c7666aaf0906d253a)\nTO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES\nFRAUD LAWSUIT.\n\nYou can also contact the Law Offices of Frank R. Cruz to discuss your legal\nrights by email at info@frankcruzlaw.com (mailto:info@frankcruzlaw.com) , by\ntelephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=www.frankcruzlaw.com&index=4&md5=d0786a5ec1be7811f37548afda74c7bb)\n.\n\nWhat Happened?\n\nOn April 22, 2026, Muddy Waters Research released a report alleging, among\nother things, that Sportradar “has actively aided and abetted illegal\ngambling across the world's black and grey markets — not as an accident or\nan oversight, but as a business strategy.” Specifically, the report stated\nthat research had “documented nearly 50 clients who we deem to be operating\nillegally— including seven Russian sportsbooks, four SEA sportsbooks with\nconfirmed links to Cambodian human trafficking operations, one of whom its own\nsales team acknowledged was too afraid to attend a trade show for fear of\narrest — all actively running directly or indirectly on [Sportradar’s]\ndata infrastructure.”\n\nOn this news, Sportradar’s stock price fell $3.80, or 22.6%, to close at\n$13.04 per share on April 22, 2026, thereby injuring investors.\n\nWhat Is The Lawsuit About?\n\nThe complaint filed in this class action alleges that throughout the Class\nPeriod, Defendants made materially false and/or misleading statements, as well\nas failed to disclose material adverse facts about the Company’s business,\noperations, and prospects. Specifically, Defendants failed to disclose to\nthat: (1) Sportradar intentionally worked with black-market gambling operators\nto increase its revenues, despite its assurances of strict legal and\nregulatory compliance and claims that ethics and integrity were crucial for\nSportradar’s operations; (2) the Company’s KYC and compliance processes\nwere not as robust as Defendants’ had claimed; and (3) as a result,\nDefendants’ positive statements about the Company’s business, operations,\nand prospects were materially misleading and/or lacked a reasonable basis at\nall relevant times.\n\nContact Us To Participate or Learn More:\n\nIf you purchased Sportradar securities, wish to learn more about this action,\nor have any questions concerning this announcement or your rights or interests\nwith respect to these matters, please click HERE\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fsportradar-group-ag%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=HERE&index=5&md5=a1037cdaa2efa07084461f2a8bb097b0)\nor contact us at:\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.frankcruzlaw.com&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=www.frankcruzlaw.com&index=6&md5=08648a2c740e463be0c11ebc47dd2314)\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260520440467/en/\n(https://www.businesswire.com/news/home/20260520440467/en/)\n\nLaw Offices of Frank R. Cruz\n\n2121 Avenue of the Stars, Suite 800\n\nTelephone: 310-914-5007\n\nEmail: info@frankcruzlaw.com \n(mailto:info@frankcruzlaw.com) \nVisit our website at: www.frankcruzlaw.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&esheet=54539074&newsitemid=20260520440467&lan=en-US&anchor=www.frankcruzlaw.com&index=7&md5=edd2ef2c8b34be1db37c5c25891b90f8)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-20T16:06:00.099007456Z","server_sent_at_ms":1779293160099},"received_at":"2026-05-20T16:06:00.166Z","source_url":"https://www.businesswire.com/news/home/20260520440467/en/"},"analysis":{"id":"30545","press_release_id":"41105","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"The Law Offices of Frank R. Cruz issued a press release encouraging Sportradar (SRAD) shareholders to inquire about a securities fraud class action.\n\nThe release cites a Muddy Waters Research report alleging Sportradar aided illegal gambling operations, which caused a 22.6% stock drop.\n\nInvestors are urged to contact the firm to discuss their rights and potential claims before the July 17, 2026 lead plaintiff deadline.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"closing_price":"$13.04","stock_drop_pct":"22.6%","stock_drop_usd":"$3.80"}},"quotedText":"Sportradar “has actively aided and abetted illegal gambling across the world's black and grey markets — not as an accident or an oversight, but as a business strategy.”","namedEntities":{"people":[{"name":"Frank R. Cruz","role":"Attorney / Law Firm Principal"}],"products":[],"companies":[{"name":"Sportradar Group AG","ticker":"SRAD","relationship":"defendant"},{"name":"Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"},{"name":"Muddy Waters Research","relationship":"short seller / researcher"}],"dollarAmounts":[{"amount":"$3.80","context":"stock price drop on April 22, 2026"},{"amount":"$13.04","context":"closing price on April 22, 2026"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by the Law Offices of Frank R. Cruz. It contains standard solicitation language ('Encourages... Shareholders To Inquire', 'contact the firm') and no new disclosure from the issuer. Per guardrails, this is low-impact noise."},"tickerRelevance":{"others":[{"ticker":"SRAD","relevance":"target of litigation"}],"primary":"1M4"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEvent":"short-report-litigation"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"The Law Offices of Frank R. Cruz issued a press release encouraging Sportradar (SRAD) shareholders to inquire about a securities fraud class action.\n\nThe release cites a Muddy Waters Research report alleging Sportradar aided illegal gambling operations, which caused a 22.6% stock drop.\n\nInvestors are urged to contact the firm to discuss their rights and potential claims before the July 17, 2026 lead plaintiff deadline.","key_figures":{"customDimensions":{"closing_price":"$13.04","stock_drop_pct":"22.6%","stock_drop_usd":"$3.80"}},"named_entities":{"people":[{"name":"Frank R. Cruz","role":"Attorney / Law Firm Principal"}],"products":[],"companies":[{"name":"Sportradar Group AG","ticker":"SRAD","relationship":"defendant"},{"name":"Law Offices of Frank R. Cruz","relationship":"plaintiff law firm"},{"name":"Muddy Waters Research","relationship":"short seller / researcher"}],"dollarAmounts":[{"amount":"$3.80","context":"stock price drop on April 22, 2026"},{"amount":"$13.04","context":"closing price on April 22, 2026"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-20T16:06:10.340Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingEvent":"short-report-litigation"}},"durationMs":10159,"modelName":"george-droid-qwen-72b"}}