ARMOUR Residential REIT, Inc. Class Action Lawsuit - ARR

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, ARMOUR announced that its Chief Financial Officer had been “removed,” on March 13, 2024. Following this news, ARMOUR’s stock price dropped over 3% on March 14, 2024.

In order to be eligible to join the ARR class action lawsuit, you must have incurred a loss on shares of ARMOUR Residential REIT, Inc. purchased during the class period listed above.