Federman & Sherwood Investigates Hanger, Inc.
For Possible Violations of Federal Securities Laws
Oklahoma City, OK (February 29, 2016) – The law firm of Federman & Sherwood has initiated an investigation into Hanger, Inc. [OTC: HNGR] with respect to possible violations of federal securities laws.
Hanger, Inc. provides orthotic and prosthetic (“O&P”) patient care services, distributes O&P devices and components, manages O&P networks and offers therapeutic solutions. Hanger is headquartered in Austin, Texas. Federman & Sherwood’s investigation focuses on allegations that Hanger’s board of directors launched an investigation in November into circumstances surrounding Hanger’s accounting misstatements. Because of the internal investigation, Hanger has not filed a 2015 annual report and announced on Friday, February 26, 2016 that it does not currently expect to file any periodic reports prior to the fourth quarter of 2016.
Hanger also missed the March 19, 2016 New York Stock Exchange (“NYSE”) deadline to return to compliance. On February 29, 2016, Hanger’s shares were moved from the NYSE to the OTC Pink Sheets market.
If you currently own common stock in Hanger, Inc., have any information to assist in our investigation, or have questions or concerns regarding this notice or your rights or interests in this matter, please contact Federman & Sherwood. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases across the country.
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Posted on Mon, February 29, 2016
by Robin Hester filed under