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Sportradar Group AG (SRAD) Securities Class Action Filed Amid Activist Short Seller Accusations of Illegal Business Model and $800 Million Market Cap Wipeout – HBSS
GlobeNewswire Inc.·
Sportradar Group faces a securities class action lawsuit after activist short sellers Muddy Waters Research and Callisto Research published reports accusing the company of deliberately working with black-market gambling operators, contradicting its prior claims of legal compliance. The allegations triggered a 22% stock collapse on April 22, 2026, wiping out $800 million in market capitalization. The lawsuit covers investors who purchased shares between November 7, 2024 and April 21, 2026.
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