NEW YORK, Dec. 28, 2014 (GLOBE NEWSWIRE) -- Rosen Law Firm reminds purchasers of Hanger, Inc. stock (NYSE:HGR) during the period from August 1, 2013 through August 7, 2014, of the important January 12, 2015 lead plaintiff deadline in the class action.
To join the Hanger class action, visit the firm's website at http://rosenlegal.com/cases-439.html, or call Phillip Kim toll-free at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Hanger, Inc. and certain of its officers and directors misstated and/or failed to disclose material adverse facts about the effects of increased Medicare audits on the Company's business, specifically on its reserves for bad debt and accounts receivable. Hanger announced on August 7, 2014, that it had experienced a 23% decline in its earnings per share due to Medicare audits. On this news, Hanger's share price fell sharply, damaging investors.
If you wish to join the litigation and recover your losses go to http://rosenlegal.com/cases-439.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim of the Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.