{"success":true,"data":{"pressRelease":{"id":"43268","rtpr_id":"nGNXb9Jkmc","ticker":"SRAD","exchange":"NASDAQ","all_tickers":["SRAD","1M4"],"title":"SRAD Lawsuit Alert: Sportradar Investors are Notified of the Ongoing Securities Class Action Over the Company’s Potential Misstatements – Contact BFA Law if You Lost Money","author":"Globe Newswire","published_at":"2026-05-22T10:47:00.184Z","article_body":"NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=qggGVCXScrJHlWvnT2kPFhKle_OLF-rIuIRDdji1vlQESBrvf9w6zc1t0Xv522_mcYy0683OMbzoke3ckkOKpCxDv-bnVEfEoNda8Tv0_ckesLiOfh5b_xXCDr688OntoeNJKxddyo7T_70HorQuRA==)\nannounces that a class action lawsuit has been filed against Sportradar Group\nAG (NASDAQ:SRAD) and certain of the Company’s senior executives for\nsecurities fraud after its significant stock drop resulting from potential\nviolations of the federal securities laws.\n\nIf you invested in Sportradar, you are encouraged to obtain additional\ninformation by visiting: https://www.bfalaw.com/cases/sportradar-class-action.\n\nKey Details of the Sportradar ($SRAD) Class Action:\n* Lead Plaintiff Deadline: July 17, 2026\n* Alleged Misconduct: Securities fraud regarding allegations that Sportradar\naided and abetted illegal gambling and derived a substantial portion of its\nrevenue from such activities\n* Stock Decline: April 22, 2026 – 22.6% Stock Drop\n* Court: U.S. District Court for the Southern District of New York\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/sportradar-class-action) to discuss your rights\nInvestors have until July 17, 2026, to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in\nSportradar Class A ordinary shares. The case is pending in the U.S. District\nCourt for the Southern District of New York. It is captioned Smale v.\nSportradar Group AG, No. 26-cv-4112.\n\nWhy is Sportradar Being Sued for Securities Fraud?\n\nSportradar is a global sports data and technology company that collects,\nanalyzes, and distributes real-time sports data and insights to betting\noperators, leagues, media companies, and teams. Sportradar has partnerships\nwith top leagues such as the NBA, MLB, NHL, and PGA Tour.\n\nDuring the relevant period, as alleged, Sportradar stated that it was\n“crucial” for it to “conduct [its] business in a manner that upholds\n[its] high standards of ethics and integrity.” Sportradar also stated that\nit had a “four-level process” to confirm that it “only work[s] with\nlicensed operators.”\n\nAs alleged, in truth, Sportradar actively aided and abetted illegal gambling\nacross the world’s black and grey markets, and it derived a substantial\nportion of its revenue from such activities.\n\nWhy did Sportradar’s Stock Drop? \n\nOn April 22, 2026, Muddy Waters, an investigative research firm, published a\nreport titled “Sportradar AG: Putting the BET into Aiding and Abetting. The\nLeader of Sports Integrity Powers the World’s Illegal Online Sports\nBooks.” The report revealed, among other things, that Sportradar’s\nbusiness model “depends on illegal operators to survive.” Muddy Waters\nstated that Sportradar “has actively aided and abetted illegal gambling\nacross the world’s black and grey markets — not as an accident or an\noversight, but as a business strategy.” The report estimated that illegal\noperators contributed to about 20–40% of the company’s total revenues.\nWhat’s more, based on its proprietary research methods and extensive\ninterviews with former employees, Muddy Waters identified nearly 50 Sportradar\nclients and collaborators who were operating in illegal markets.\n\nThe same day, Callisto Research, an investigative research firm, published a\nreport titled “Sportradar Group AG: the ‘integrity’ giant threatening\nits own existence with ties to illegal gambling, sanctioned parties and\ncriminals.” The report revealed, based on an examination of hundreds of\ngambling platforms, evidence suggesting that one-third of platforms Sportradar\nclaims to serve were using Sportradar’s products or services, or explicitly\nclaiming to do so, while operating illegally in regulated or prohibited\ngambling markets. Callisto Research revealed that exposure to unlicensed\noperators could be as high as 30-40% of Sportradar’s revenue. The report\nalso revealed that three U.S. gambling regulators have already commenced\nreviews into the company.\n\nThis news caused the price of Sportradar stock to decline $3.80 per share, or\n22.6%, from $16.84 per share on April 21, 2026, to $13.04 per share on April\n22, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/sportradar-class-action.\n\nWhat Can You Do?\n\nIf you invested in Sportradar, you may have legal options and are encouraged\nto submit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nOr contact:\n\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent\nnotable successes, BFA recovered over $900 million in value from Tesla,\nInc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical\nInd. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXb9Jkmc","title":"SRAD Lawsuit Alert: Sportradar Investors are Notified of the Ongoing Securities Class Action Over the Company’s Potential Misstatements – Contact BFA Law if You Lost Money","author":"Globe Newswire","ticker":"SRAD","created":"2026-05-22T10:47:00.184Z","tickers":["SRAD","1M4"],"exchange":"NASDAQ","article_body":"NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=qggGVCXScrJHlWvnT2kPFhKle_OLF-rIuIRDdji1vlQESBrvf9w6zc1t0Xv522_mcYy0683OMbzoke3ckkOKpCxDv-bnVEfEoNda8Tv0_ckesLiOfh5b_xXCDr688OntoeNJKxddyo7T_70HorQuRA==)\nannounces that a class action lawsuit has been filed against Sportradar Group\nAG (NASDAQ:SRAD) and certain of the Company’s senior executives for\nsecurities fraud after its significant stock drop resulting from potential\nviolations of the federal securities laws.\n\nIf you invested in Sportradar, you are encouraged to obtain additional\ninformation by visiting: https://www.bfalaw.com/cases/sportradar-class-action.\n\nKey Details of the Sportradar ($SRAD) Class Action:\n* Lead Plaintiff Deadline: July 17, 2026\n* Alleged Misconduct: Securities fraud regarding allegations that Sportradar\naided and abetted illegal gambling and derived a substantial portion of its\nrevenue from such activities\n* Stock Decline: April 22, 2026 – 22.6% Stock Drop\n* Court: U.S. District Court for the Southern District of New York\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/sportradar-class-action) to discuss your rights\nInvestors have until July 17, 2026, to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in\nSportradar Class A ordinary shares. The case is pending in the U.S. District\nCourt for the Southern District of New York. It is captioned Smale v.\nSportradar Group AG, No. 26-cv-4112.\n\nWhy is Sportradar Being Sued for Securities Fraud?\n\nSportradar is a global sports data and technology company that collects,\nanalyzes, and distributes real-time sports data and insights to betting\noperators, leagues, media companies, and teams. Sportradar has partnerships\nwith top leagues such as the NBA, MLB, NHL, and PGA Tour.\n\nDuring the relevant period, as alleged, Sportradar stated that it was\n“crucial” for it to “conduct [its] business in a manner that upholds\n[its] high standards of ethics and integrity.” Sportradar also stated that\nit had a “four-level process” to confirm that it “only work[s] with\nlicensed operators.”\n\nAs alleged, in truth, Sportradar actively aided and abetted illegal gambling\nacross the world’s black and grey markets, and it derived a substantial\nportion of its revenue from such activities.\n\nWhy did Sportradar’s Stock Drop? \n\nOn April 22, 2026, Muddy Waters, an investigative research firm, published a\nreport titled “Sportradar AG: Putting the BET into Aiding and Abetting. The\nLeader of Sports Integrity Powers the World’s Illegal Online Sports\nBooks.” The report revealed, among other things, that Sportradar’s\nbusiness model “depends on illegal operators to survive.” Muddy Waters\nstated that Sportradar “has actively aided and abetted illegal gambling\nacross the world’s black and grey markets — not as an accident or an\noversight, but as a business strategy.” The report estimated that illegal\noperators contributed to about 20–40% of the company’s total revenues.\nWhat’s more, based on its proprietary research methods and extensive\ninterviews with former employees, Muddy Waters identified nearly 50 Sportradar\nclients and collaborators who were operating in illegal markets.\n\nThe same day, Callisto Research, an investigative research firm, published a\nreport titled “Sportradar Group AG: the ‘integrity’ giant threatening\nits own existence with ties to illegal gambling, sanctioned parties and\ncriminals.” The report revealed, based on an examination of hundreds of\ngambling platforms, evidence suggesting that one-third of platforms Sportradar\nclaims to serve were using Sportradar’s products or services, or explicitly\nclaiming to do so, while operating illegally in regulated or prohibited\ngambling markets. Callisto Research revealed that exposure to unlicensed\noperators could be as high as 30-40% of Sportradar’s revenue. The report\nalso revealed that three U.S. gambling regulators have already commenced\nreviews into the company.\n\nThis news caused the price of Sportradar stock to decline $3.80 per share, or\n22.6%, from $16.84 per share on April 21, 2026, to $13.04 per share on April\n22, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/sportradar-class-action.\n\nWhat Can You Do?\n\nIf you invested in Sportradar, you may have legal options and are encouraged\nto submit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nOr contact:\n\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent\nnotable successes, BFA recovered over $900 million in value from Tesla,\nInc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical\nInd. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-22T10:47:00.225528918Z","server_sent_at_ms":1779446820225},"received_at":"2026-05-22T10:47:00.315Z","source_url":null},"analysis":{"id":"32703","press_release_id":"43268","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"Bleichmar Fonti & Auld LLP issued a shareholder solicitation regarding the ongoing securities class action against Sportradar (SRAD).\n\nThe release reminds investors of the July 17, 2026 lead plaintiff deadline and encourages those with losses to contact the firm on a contingency basis.\n\nThe underlying lawsuit alleges securities fraud related to Sportradar’s ties to illegal gambling operators, following short-seller reports by Muddy Waters and Callisto Research that caused a 22.6% stock drop in April.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"price_after":"$13.04","price_before":"$16.84","stock_drop_pct":"22.6%","stock_drop_usd":"$3.80","illegal_revenue_estimate":"20-40%"}},"quotedText":"If you invested in Sportradar, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/sportradar-class-action.","namedEntities":{"people":[{"name":"Adam McCall","role":"Attorney at BFA Law"}],"products":[],"companies":[{"name":"Sportradar Group AG","ticker":"SRAD","relationship":"defendant"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Muddy Waters","relationship":"short seller / research firm"},{"name":"Callisto Research","relationship":"short seller / research firm"}],"dollarAmounts":[{"amount":"$3.80","context":"per-share stock decline"},{"amount":"$16.84","context":"stock price on April 21, 2026"},{"amount":"$13.04","context":"stock price on April 22, 2026"},{"amount":"$900 million","context":"past recovery by BFA Law from Tesla"},{"amount":"$420 million","context":"past recovery by BFA Law from Teva"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Bleichmar Fonti & Auld LLP (BFA Law). It contains standard solicitation language ('encouraged to obtain additional information', 'contact BFA Law', 'no cost to you') and serves as a lead-plaintiff deadline reminder. No new disclosure from the issuer; no certified class or settlement announced."},"tickerRelevance":{"others":[],"primary":"SRAD"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"context":"routine lead-plaintiff deadline reminder","tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bleichmar Fonti & Auld LLP issued a shareholder solicitation regarding the ongoing securities class action against Sportradar (SRAD).\n\nThe release reminds investors of the July 17, 2026 lead plaintiff deadline and encourages those with losses to contact the firm on a contingency basis.\n\nThe underlying lawsuit alleges securities fraud related to Sportradar’s ties to illegal gambling operators, following short-seller reports by Muddy Waters and Callisto Research that caused a 22.6% stock drop in April.","key_figures":{"customDimensions":{"price_after":"$13.04","price_before":"$16.84","stock_drop_pct":"22.6%","stock_drop_usd":"$3.80","illegal_revenue_estimate":"20-40%"}},"named_entities":{"people":[{"name":"Adam McCall","role":"Attorney at BFA Law"}],"products":[],"companies":[{"name":"Sportradar Group AG","ticker":"SRAD","relationship":"defendant"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Muddy Waters","relationship":"short seller / research firm"},{"name":"Callisto Research","relationship":"short seller / research firm"}],"dollarAmounts":[{"amount":"$3.80","context":"per-share stock decline"},{"amount":"$16.84","context":"stock price on April 21, 2026"},{"amount":"$13.04","context":"stock price on April 22, 2026"},{"amount":"$900 million","context":"past recovery by BFA Law from Tesla"},{"amount":"$420 million","context":"past recovery by BFA Law from Teva"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-22T10:47:26.968Z","global_importance":15,"audience_relevance":10,"importance_components":{"context":"routine lead-plaintiff deadline reminder","tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":26647,"modelName":"george-droid-qwen-72b"}}