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SEC Settles Disclosure Allegations Against Calabasas-Based Cheesecake Factory

The Securities and Exchange Commission Friday announced that Calabasas-based Cheesecake Factory Inc. will pay a $125,000 penalty for making “false or misleading” disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC’s first charging a public company for misleading investors about the financial effects of […]