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Stock impact report

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against ARMOUR Residential REIT, Inc. (ARR)

ARMOUR Residential REIT, Inc. (ARR) 
US:NYSE Investor Relations: armourreit.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against ARMOUR Residential REIT, Inc. (“ARMOUR” or the “Company”) (NYSE:ARR). The investigation concerns whether ARMOUR and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.[Click here to learn more about the investigation]On March 1, 2024, ARMOUR disclosed that it had commenced an internal investigation to review internal issues related to “the appropriateness of reporting Distributable Earnings and Net Interest Margin” in earnings releases and “the methods of calculating such measures”, “the Company’s considerations with respect to reviewing and evaluating its external manager”, and “certain of the internal controls over financial reporting and disclosure controls and procedures of the Company.”Then, on March 13, 2024, ARMOUR announced that its Chief Financial Officer had been “removed.” On this news, the price o Show less Read more
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