Sportradar Group AG Class Action Lawsuit – SRAD

The filed complaint alleges that Sportradar Group AG made materially false and/or misleading statements 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) the Company’s know-your-customer and compliance processes were not as robust as defendants’ had claimed; and (3) as a result, defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.