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LOS ANGELES (CNS) - The Securities and Exchange Commission announced Friday that Calabasas-based Cheesecake Factory Inc. will pay a 5,000 penalty for making "false or misleading" disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition.This is the first time the SEC has brought allegations against a public company for misleading investors about the financial effects of the pandemic.According to the SEC's order, the Cheesecake Factory restaurant group said in regulatory filings in March and April that its eateries were "operating sustainably," while failing to disclose that the company was losing roughly million in cash per week and had just 16 weeks of cash remaining.The order finds that although the company did not disclose the information in its filings, the group did share the particulars with potential private equity investors or lenders as it sought additional liquidity during the public health crisis.Without admitting the SEC's findings, the restaurant company agreed to pay the penalty and to cease-and-desist from further violations of the charged provisions. In determining to accept the settlement, the SEC said it considered the cooperation afforded by the company.A Cheesecake Factory representative pointed to a disclosure form filed Friday in which the company stated it was in full compliance with the cease- and-desist order and that the company "fully cooperated with the SEC in the settlement" without admitting or denying the regulators' allegations.The order also finds that although the March filing described actions the company had undertaken to preserve financial flexibility during the pandemic, it failed to disclose that Cheesecake Factory already had informed its landlords that it would not pay rent in April due to the impacts that COVID- 19 inflicted on its business."During the pandemic, many public companies have discharged their disclosure obligations in a commendable manner, working proactively to keep investors informed of the current and anticipated material impacts of COVID-19 on their operations and financial condition," SEC Chairman Jay Clayton said. "As our local and national response to the pandemic evolves, it is important that issuers continue their proactive, principles-based approach to disclosure, tailoring these disclosures to the firm and industry-specific effects of the pandemic on their business and operations. It is also important that issuers who make materially false or misleading statements regarding the pandemic's impact on their business and operations be held accountable."Cheesecake Factory had notified its landlords that it wouldn't pay rent on April 1 due to financial complications stemming from the coronavirus outbreak. A letter sent by Chief Executive David Overton to the restaurant group's landlords -- many of which are shopping mall operators -- was released publicly in March by Eater L.A.The company has 294 restaurants in North America, 39 in California and five in San Diego County.Its largest landlord is Indianapolis, Indiana-based real estate company Simon Property Group, which provides space for 41 Cheesecake Factory locations, according to the San Fernando Valley Business Journal."When public companies describe for investors the impact of COVID-19 on their business, they must speak accurately," said Stephanie Avakian, director of the SEC's Division of Enforcement. "The Enforcement Division, including the Coronavirus Steering Committee, will continue to scrutinize COVID- related disclosures to ensure that investors receive accurate, timely information, while also giving appropriate credit for prompt and substantial cooperation in investigations." 3725

LOS ANGELES (CNS) - A Los Angeles entertainment executive reportedly received two houses in Tennessee free of charge from the man authorities say was responsible for the Christmas Day bombing in downtown Nashville.FBI officials said Sunday that they believe Anthony Quinn Warner, 63, was responsible for the bombing, which originated in an RV parked downtown and occurred at 6:40 a.m. Nashville time Friday morning. The blast damaged an AT&T building and interfered with cellphone service and police and hospital communications in several Southern states.They also said Warner is believed to have died in the bombing, and there was no indication that anyone else was involved in the crime.The Daily Mail reported late Saturday that a house worth 9,000 was transferred to 29-year-old Michelle Swing in January 2019 by Warner, and another 0,000 home was transferred to Swing last month.Swing transferred the first house to another person, the Daily Mail reported.The 0,000 house was raided by FBI agents Saturday as part of the investigation into the bombing. Swing told the Daily Mail she had no knowledge of the most recent transfer."In the state of Tennessee you can deed property to someone else without their consent or their signature or anything," Swing told the paper. "I didn't even buy the house he just deeded it over to me without my knowledge. So, this all very weird to me, that's about all I can say."Swing is an artist development director at AEG Presents and a former StubHub executive. WBIR in Nashville reported that Swing is a graduate of the University of Tennessee, and previously had a Lenoir City, Tennessee, address.A spokeswoman for the FBI's Los Angeles field office told City News Service the case was being handled by the agency's Memphis office. A spokeswoman for the Memphis office said the agency would not comment on an ongoing investigation.Federal investigators told reporters Sunday they are trying to determine whether the bomber was motivated by "paranoia over 5G technology." FBI officials asked anyone who knew Warner or might be familiar with his motives to contact the agency. 2137

LOS ANGELES (AP) — It’s a boy for Alec and Hilaria Baldwin. The couple on Wednesday announced the arrival of their fifth child together. Hilaria Baldwin posted on Instagram and said the boy, “is perfect and we couldn't be happier. Stay tuned for a name.” 263

LOS ANGELES (KGTV) -- A dog named "Jadu" has an Olympian to thank for her life. She was rescued by a Californian Olympian in South Korea - and will soon be available for adoption in San Diego County. Snowboarder Maddie mastro rescued Jadu. Mastro is an animal activist and knew the dog meat trade is big business in Korea, so she changed her flight and flew on a dog-friendly carrier to LAX.  430

LONG BEACH, Calif. (KGTV) -- The Los Angeles Sheriff’s Department identified the scuba diver found dead nine miles off the coast of Long Beach on the ocean floor as Henry Cook, 55, of La Jolla.Cook was scuba diving near an oil platform Saturday afternoon with another diver when something went wrong.Deputies got a "diver in distress" call 12:30 p.m. Saturday near oil platform Elly.A Los Angeles Sheriff’s helicopter responded and hoisted a scuba diver out of a Lifeguard boat, then flew the diver to Catalina Island and was treated in a hyperbaric chamber.Sunday, searchers returned to the area with a remote-controlled underwater robot and located Cook’s body on the ocean floor 200-feet down.Los Angeles County is conducting an autopsy to determine how Cook died. 780