Industry News

Paul E. Prusakowski

Description

Title:

Industry News

Creator:

Paul E. Prusakowski

Date:

12/5/2000

Text:

This may be of interest to a few of you. Copied from Nasdaq.com.

-Paul

Schatz & Nobel Announces That It Has Named Hanger Orthopedic Group And
Others in a Class Action

HARTFORD, Conn., Dec. 4 /PRNewswire/ -- On November 28, 2000, a class action
complaint (the Complaint) was filed in the United States District Court
for the District of Maryland on behalf of all purchasers of the common stock
of Hanger Orthopedic Group, Inc. (NYSE: HGR) (Hanger) from November 8,
1999 through and including January 6, 2000, inclusive (the Class Period).

Plaintiff is represented by the law firm of Schatz & Nobel, P.C., which has
significant experience prosecuting class actions on behalf of investors. If
you wish to discuss this action or have any questions concerning this notice
or your rights or interests with respect to these matters, please contact
attorneys Andrew M. Schatz, Jeffrey S. Nobel, Patrick A. Klingman, or Robert
W. Cassot, at (800) 797-5499, or by e-mail at <Email Address Redacted> For more
information about Schatz & Nobel, P.C., please visit our website at
www.snlaw.net.

The Complaint alleges that during the Class Period, Hanger and certain of
its officers (collectively, the Defendants) violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 by, among other things,
knowingly or recklessly making material misrepresentations concerning (i)
Hanger's financial results for the quarter ended September 30, 1999 and (ii)
the progress of Hanger's efforts to integrate the recently-acquired
operations of Novacare Orthotics & Prosthetics, Inc. The Complaint further
alleges that by making these material misrepresentations, the Defendants
artificially inflated the price of Hanger common stock during the Class
Period. Plaintiff seek to recover damages on behalf of all class members.

If you purchased Hanger common stock (NYSE: HGR) during the Class Period and
wish to act as lead plaintiff, you may move the Court to serve in that
capacity not later than February 2, 2001. If you wish to discuss your rights
as lead plaintiff or as a class member, please call Schatz & Nobel, P.C.
toll- free at (800) 797-5499, or by e-mail at <Email Address Redacted>

     CONTACT: Andrew M. Schatz
                Jeffrey S. Nobel
                Patrick A. Klingman
                Robert W. Cassot
                Tel.: (800) 797-5499
                Website: www.snlaw.net.
                e-mail: <Email Address Redacted>



/CONTACT: Andrew M. Schatz, Jeffrey S. Nobel, Patrick A. Klingman, or Robert
W. Cassot of Schatz & Nobel, 800-797-5499, or <Email Address Redacted>

                          

Citation

Paul E. Prusakowski, “Industry News,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 26, 2024, https://library.drfop.org/items/show/215481.