Officials from Hanger Orthopedic Group Inc. have confirmed that on March 16, the United States District Court for the District of Maryland Southern Division granted Hanger’s motion to dismiss with prejudice the consolidated class action complaints previously brought against it and certain of its directors and officers.
They have also confirmed that the 30-day period permitted for an appeal or motion for reconsideration had passed without the filing of any appeal or motion. The consolidated class action complaints by Twist Partners and other plaintiffs alleged securities law violations primarily related to alleged billing improprieties at one of Hanger’s patient-care facilities.
“We are pleased that the Court has dismissed these actions and confirmed our assertions that the claims were without merit,” said Ivan R. Sabel, chairman and chief executive officer of Hanger, in a press release.
