{"id":7600,"date":"2026-05-19T02:25:00","date_gmt":"2026-05-19T00:25:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=e4dc16e94706c5f8fcf314a9ce6de94f"},"modified":"2026-05-19T02:25:00","modified_gmt":"2026-05-19T00:25:00","slug":"sportradar-group-ag-srad-investors-kessler-topaz-meltzer-check-llp-announces-that-the-firm-has-filed-a-securities-fraud-class-action-lawsuit-against-sportradar-group-ag-and-encourages-invest","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=7600","title":{"rendered":"Sportradar Group AG (SRAD) Investors: Kessler Topaz Meltzer & Check, LLP Announces That the Firm Has Filed a Securities Fraud Class Action Lawsuit Against Sportradar Group AG and Encourages Investors to Contact the Firm"},"content":{"rendered":"

RADNOR, Pa.--(BUSINESS WIRE)--#classaction<\/a>--Kessler Topaz Meltzer & Check, LLP<\/a> informs investors that the firm has filed a securities fraud class action lawsuit<\/a> against Sportradar Group AG (NASDAQ: SRAD<\/a>) (\u201cSportradar\u201d or the \u201cCompany\u201d) on behalf of investors who purchased or otherwise acquired Sportradar Class A ordinary shares between <\/b>November 7, 2024, and April 21, 2026, inclusive (the \u201cClass Period\u201d). This action, captioned Smale v. Sportradar Group AG, et al.<\/i>, Case No. 1:26-cv-04112, was filed in the United States District Court for the Southern District of New York.<\/p><\/a><\/a>

\nImportant Deadline Reminder: Investors who purchased or otherwise acquired Sportradar Class A ordinary shares during the Class Period may, no later than July 17, 2026, <\/i>move the Court to serve as lead plaintiff for the class.<\/i><\/b><\/p>

\nCONTACT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):<\/span><\/b><\/p>

\nIf you experienced losses in connection with Sportradar, contact Kessler Topaz Meltzer & Check, LLP at:<\/b><\/p>

\nhttps:\/\/www.ktmc.com\/srad-sportradar-group-ag-class-action-lawsuit?utm_source=Businesswire&utm_medium=pressrelease&utm_campaign=srad&mktm=PR<\/a><\/p>

\nYou can also contact attorney <\/b>Jonathan Naji, Esq.<\/b><\/a> <\/b>by calling (484) 270-1453 or by email at <\/b>info@ktmc.com<\/b><\/a>.<\/b><\/p>

\nSPORTRADAR CLASS ACTION LAWSUIT COMPLAINT ALLEGATIONS<\/span><\/b><\/p>

\nThe Class Period begins on November 7, 2024, when Sportradar filed its third quarter 2024 financial results. The Company noted in its related press release that it may be subject to certain risks and outlined various \u201crisk factors\u201d as examples, but the Company also referred investors to the \u201cother risk factors set forth in the section titled \u2018Risk Factors\u2019 in [the Company\u2019s] Annual Report on Form 20-F for the fiscal year ended December 31, 2023\u201d (the \u201c2023 Annual Report\u201d). In the 2023 Annual Report, Sportradar noted that it was \u201csubject to a variety of U.S. and foreign laws on sports betting\u201d and acknowledged that \u201c[n]on-compliance with any such legislation or regulations could expose [it] to claims, legal or regulatory proceedings, license reviews, litigation and investigations by regulatory authorities, as well as substantial fines and negative publicity, each of which may materially and adversely affect [its] business\u201d despite its purported \u201cgood faith efforts to comply with all local requirements.\u201d These and other risk factors were repeated or referenced in substantially similar form in the Company\u2019s various annual and quarterly filings issued during the Class Period, which were signed by Defendants Carsten Koerl, the Company\u2019s Founder and Chief Executive Officer, and Craig Felenstein, the Company\u2019s Chief Financial Officer.<\/p>

\nDuring the Class Period, the Company touted the robustness of its due diligence, Know-Your-Customer (\u201cKYC\u201d) process, and overall legal and regulatory compliance. For example, on April 1, 2025, Defendant Koerl appeared on CNBC<\/i>\u2019s \u201cMAD MONEY\u201d with host Jim Cramer and likened the Company to \u201cthe SEC or the FBI\u201d for the gambling industry due to its ability to police fraudulent and illicit activity.<\/p>

\nA few months later, on November 5, 2025, the Company hosted its third quarter 2025 earnings call. During the call, a Citizens Bank analyst stated that he \u201cwant[ed] to address some of the noise around the business with your exposure to certain markets, whether they\u2019re gray or beyond that\u201d (i.e. black markets). In response, Defendant Koerl assured investors that the Company had a \u201cfour-level process\u201d to confirm that it \u201conly work[s] with licensed operators,\u201d including by \u201chav[ing] contracts which are enabling those operators to only work in the territory where they are licensed in.\u201d Moreover, Koerl highlighted that Sportradar had \u201ca global compliance team, which is making an intensive KYC with every operator, and [it is] insisting on this, that [Sportradar] control[s] it.\u201d<\/p>

\nNotwithstanding Sportradar\u2019s purported commitment to integrity and legal and regulatory compliance, investors learned the truth about the Company\u2019s intentional non-compliance with applicable laws and regulations on April 22, 2026, when two market research firms\u2014Muddy Waters Research (\u201cMuddy Waters\u201d) and Callisto Research (\u201cCallisto\u201d)\u2014separately published investigative reports revealing that Sportradar intentionally utilized a network of black-market gambling partners to drive a material portion of its revenues.<\/p>

\nMuddy Waters claimed that Sportradar \u201chas actively aided and abetted illegal gambling across the world\u2019s black and grey markets \u2013 not as an accident or an oversight, but as a business strategy.\u201d To support this conclusion, Muddy Waters detailed discussions between its investigators and Sportradar sales executives at the International Casinos Exhibition (a large, worldwide gaming convention) where its investigators posed as sportsbook operators indicating interest in penetrating illegal markets, including Vietnam, Thailand, Indonesia, and China. According to Muddy Waters, a Sportradar sales executive \u201cbragged that [Sportradar] \u2018serves everyone\u2019 and listed major [business-to-business] clients in Asia, known illegal operators,\u201d and then \u201cwalk[ed] [the investigators] through key product offerings for each of these illegal markets.\u201d The Sportradar sales executive \u201calso offer[ed] to solicit assistance from his clients . . . so [Muddy Waters\u2019s investigators] could quickly set up operations.\u201d One of the \u201cclients\u201d specifically identified by the Sportradar sales executive was \u201cthe infamous Yabo Group,\u201d a \u201cnotorious\u201d illegal betting operator in China that was also known for \u201cusing Cambodian customer service centers engaged in human trafficking, modern slavery, kidnapping and torture of its workforce.\u201d In addition to Sportradar\u2019s admitted connection to the Yabo Group, Muddy Waters uncovered numerous other connections between Sportradar and illegal operators in Russia, Turkey, and several Asian markets.<\/p>

\nAs a result of its investigation, Muddy Waters concluded that Sportradar \u201cintentionally combines a \u2018check-the-box\u2019 KYC review with a \u2018see nothing, know nothing\u2019 approach to illegal markets\u201d that \u201ccontrasts sharply with its CEO\u2019s recent claims of maintaining a robust KYC process.\u201d<\/p>

\nSeparately, Callisto \u201cexamin[ed] . . . hundreds of gambling platforms,\u201d through which it \u201cfound evidence suggesting that over 270 individual platforms (more than a third of the 800 Sportradar claims to serve) are using Sportradar\u2019s products or services, or explicitly claiming to do so, while operating illegally in regulated or prohibited gambling markets.\u201d Former Sportradar employees also told Callisto that one of the Company\u2019s largest clients, 1xBet, was \u201clikely to be the world\u2019s largest illegal gambling operator by revenue.\u201d<\/p>

\nCallisto reportedly \u201cshared [its] findings with multiple regulators in North America and Europe,\u201d three of which \u201chave already commenced reviews\u201d of the Company. As a result, Callisto reasoned that \u201cSportradar will have to choose between surrendering its revenue from illegal operators or losing its licenses in Europe and North America.\u201d On this news, the price of Sportradar Class A ordinary shares plummeted $3.80 per share, or approximately 22.6%, from a close of $16.84 per share on April 21, 2026, to close at $13.04 per share on April 22, 2026.<\/p>

\nThis Complaint alleges that, throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts, about the Company\u2019s business and operations. Specifically, Defendants misrepresented and\/or failed to disclose that: (1) Sportradar intentionally worked with black-market gambling operators to increase its revenues, despite its assurances of strict legal and regulatory compliance and claims that ethics and integrity were crucial for Sportradar\u2019s operations; (2) the Company\u2019s KYC and compliance processes were not as robust as Defendants\u2019 had claimed; and (3) as a result, Defendants\u2019 statements about the Company\u2019s business, operations, and prospects lacked a reasonable basis.<\/p>

\nTHE LEAD PLAINTIFF PROCESS FOR SPORTRADAR INVESTORS:<\/span><\/b><\/p>

\nSportradar <\/i><\/b>investors may, no later than July 17, 2026,<\/span><\/i><\/b> seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP<\/a> or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p>

\nKessler Topaz Meltzer & Check, LLP<\/a> encourages Sportradar investors to contact the firm directly for more information about the lawsuit.<\/p>

\nABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):<\/span><\/b><\/p>

\nKessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal\u2019s Plaintiff\u2019s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group\u2019s Honor Roll of Most Feared Law Firms, The Legal Intelligencer\u2019s Class Action Firm of the Year, Lawdragon\u2019s Leading Plaintiff Financial Lawyers, and Law360\u2019s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this action was filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com<\/a>.<\/p>

\nMay be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.<\/p> Contacts<\/b>

\nJonathan Naji, Esq.\n(484) 270-1453\n280 King of Prussia Road\nRadnor, PA 19087\ninfo@ktmc.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

RADNOR, Pa.–(BUSINESS WIRE)–#classaction–Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Sportradar Group AG (NASDAQ: SRAD) (\u201cSportradar\u201d or the \u201cCompany\u201d) on behalf of…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7600","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7600"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7600\/revisions"}],"predecessor-version":[{"id":7601,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/7600\/revisions\/7601"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}