A Sportradar investor has filed a lawsuit against the company following the allegations of illegal activity made by two short selling investment research firms last month.
James Anthony Smale has filed his claim in the US District Court of the Southern District of New York, with Sportradar’s Chief Executive Officer, Carsten Koerl, and Chief Financial Officer, Alex Gersh, named as defendants. The lawsuit comes after Muddy Waters Research and Hindenburg Research accused Sportradar of involvement in illegal activities, causing a drop in the company's stock price.
Sportradar has denied the allegations, stating that they are based on false information and misleading claims. The company is known for providing data and integrity services to various sports leagues and organizations globally.
