INVESTOR ALERT: Investors of Hanger, Inc. With Losses of $50,000 or More Are Encouraged to Contact Law Offices of Howard G. Smith

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Western District of Texas on behalf of purchasers of the securities of Hanger, Inc. (“Hanger” or the “Company”) (NYSE:HGR) between August 1, 2013 and August 7, 2014, inclusive (the “Class Period”). Investors who have losses of $50,000 or more are encouraged to contact the firm for more information.

The Complaint alleges that defendants made false and/or misleading statements and/or failed to disclose material adverse facts concerning the Company’s business and financial performance. On August 7, 2014, the Company announced that Hanger’s earnings per share decreased approximately 23% and the Company anticipated lower earnings per share than previously estimated for fiscal 2014, due to an increase in audits of its Medicare reimbursement claims. The Company further disclosed that its accounts receivable over 120 days had increased by $14 million year-over-year, due to increased Medicare audits, and that the Company’s operating costs had increased $8 million for the year, $4.2 million of which was attributable to an increase in bad debt. Following this news, Hanger shares declined 25%, or $7.39 per share, to close at $22.48 per share on August 8, 2014, on unusually heavy volume.

If you are a member of the Class described above, you have until January 12, 2015, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If suffered losses of $50,000 or more and wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.