Hanger, Inc HGR Securities Lawsuit

Company:	Hanger, Inc
Ticker Symbol:	HGR
Class Period:	Aug-1-13 to Aug-1-14
Date Filed:	Nov-12-14
Lead Plaintiff Deadline:	Jan-11-15
Court:	Western District of Texas
Allegations:

Los Angeles, CA: A securities class action lawsuit has been filed on behalf of the City of Pontiac General Employees' Retirement System against certain of the executive officers of Hanger, Inc. ("Hanger" or the "Company") (NYSE: HGR). The action, which was filed in the Western District of Texas, asserts claims under the Securities Exchange Act of 1934 on behalf of investors in Hanger securities during the period of August 1, 2013 August 7, 2014, inclusive (the "Class Period").

The Complaint alleges that during the Class Period defendants misrepresented and/or concealed the effect that an increase in Medicare audits had on Hanger's business, including on its reserves for bad debt and accounts receivable. On August 7, 2014, the Company announced a shocking 23% decline in its earnings per share due to the pressure it experienced from Medicare audits. On this news, the price of Hanger stock declined 25% from $29.87 per share to $22.48 per share.



If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Hanger, Inc HGR Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Hanger, Inc securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.