The Sportradar Group AG securities case is moving forward.
Smale v. Sportradar Group AG et al., No. 1:26-cv-04112 (S.D.N.Y.)
A court-appointed lead plaintiff is now litigating on behalf of all class members. If you bought SRAD during the class period, your potential claim is unaffected — you didn't need to do anything by the deadline. Register to follow the case and have your losses evaluated for free.
- No cost to participate
- No fee unless investors recover
- Talk to a real person, not a call center
- Lead plaintiff deadline
- Passed — July 17, 2026
- Class members' claims unaffected
- Class period
- Nov 7, 2024 – Apr 21, 2026
- Eligible purchases fall between these dates
What happened to SRAD
About this case
Shares of Sportradar Group fell on April 22, after Muddy Waters Research published a report alleging that the company provided data and betting technology to illegal online gambling operators in prohibited markets and downplayed the extent of that exposure through its compliance and KYC representations. The report further estimates that such operators may account for 20% to 40% of Sportradar’s revenue.
The 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 Sportradar's 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's operations; (2) Sportradar's KYC and compliance processes were not as robust as Defendants had claimed; and (3) as a result, Defendants' statements about Sportradar's business, operations, and prospects lacked a reasonable basis.
The allegations, in plain terms
- Nov. 7, 2024Class period begins. Per the complaint, Sportradar assured investors of strict legal and regulatory compliance and said ethics and integrity were crucial to its operations.
- Class period (Nov. 2024 – Apr. 2026)The complaint alleges Sportradar intentionally worked with black-market gambling operators to boost revenue, and that its KYC and compliance processes were not as robust as claimed, rendering statements about its business and prospects without a reasonable basis.
- Apr. 22, 2026Muddy Waters Research published a report alleging Sportradar supplied data and betting technology to illegal gambling operators in prohibited markets and downplayed that exposure, estimating such operators may account for 20% to 40% of revenue. Shares fell about 22.6% that day.
- After the dropInvestors who bought Sportradar shares during the class period filed suit, alleging the company's statements about compliance and its business were materially false or misleading. The court has made no findings.
Summarizes allegations in the complaint — they are not findings of any court.
We screen hundreds of stock drops every year and file only a handful. If we're investigating this one, it's because we believe in it.
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* Subject to court approval. Prior results do not guarantee a similar outcome.
Who we are — and why we're involved
Block & Leviton represents investors. We never represent the companies we investigate. When a company's own disclosures reveal that shareholders were misled, we investigate and bring claims to recover those losses.
Our clients are people like you: individual investors, retirees, and pension funds harmed when the truth comes out and a stock falls. There is no cost to you to participate, and attorneys' fees are paid only out of a recovery approved by the court.
Who you'll be dealing with
Jeffrey Block
Represents investors in securities class actions nationwide.
Your first call will usually be with David White, our investor liaison — and our partners are directly involved in every case.
A record courts have trusted
NextEra Energy — $150 million
The district court dismissed the case. We appealed — and won a unanimous reversal in the Eleventh Circuit Court of Appeals. The result: a $150 million settlement — the largest securities class action settlement in the Southern District of Florida in more than 30 years.*
Dismissed — then revived when we persuaded the court to reconsider its own judgment. Settled in 2026.
Recovered for investors even after Tricida itself went bankrupt.
Federal courts have appointed Block & Leviton lead counsel in securities class actions on behalf of investors nationwide. Our attorneys have recovered billions of dollars for investors, retirees, and pension funds.
* Subject to court approval. Prior results do not guarantee a similar outcome. Attorney advertising.
Common questions
Will this cost me anything?
No. There is no cost to submit your information, no cost to participate, and no out-of-pocket cost ever. If there's a recovery, attorneys' fees are paid from it and must be approved by the court.
Do I have to go to court or sue anyone myself?
No. The case is brought on behalf of all affected investors as a group. Unless you choose to seek a larger role, participating requires essentially nothing from you.
I'm already part of the class automatically — so why submit my information?
It's true: if you bought SRAD during the class period, you're a class member whether or not you contact anyone. Submitting your information lets us evaluate your specific losses, keep you informed as the case develops, and tell you whether you may benefit from a larger role in the case.
The lead plaintiff deadline passed — am I out of luck?
No. That deadline only governed who could seek appointment to lead the case. Your potential claim as a class member is unaffected — if the case succeeds, class members who file valid claims share in the recovery, and we'll keep you informed of every step if you register.
I sold my shares after the drop — am I still eligible?
Possibly, yes. What generally matters is that you purchased shares during the class period and were harmed by the decline. Whether you still hold shares today doesn't necessarily disqualify you — submit your details and we'll evaluate your situation.
Does submitting this form make you my lawyers?
No — and that's a protection for you. Submitting the form only lets us evaluate your potential claim, at no cost. If we determine we can help and you decide to move forward, we'll send you a written retainer agreement that spells out the relationship, the contingency fee, and your rights. You're never committed to anything until you've read and signed it.
What happens after I submit the form?
Our team reviews your submission — usually within one business day. David, our investor liaison, will reach out by phone or email, and our partners are directly involved in every case. You're never obligated to do anything.
Attorney advertising. Prior results do not guarantee a similar outcome. Block & Leviton LLP is responsible for the content of this page. Submitting information through this page does not create an attorney-client relationship.