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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

LONDON (AP) — British actress Barbara Windsor, whose seven-decade career ranged from cheeky film comedies to the soap opera “EastEnders,” has died. She was 83.Husband Scott Mitchell said Windsor died at a care home in London on Thursday from Alzheimer’s disease. She had been diagnosed with the form of dementia in 2014.Born in London in 1937, Windsor was best known as a star of the bawdy “Carry On” comedies in the 1960s and 70s, and as matriarch Peggy Mitchell in the soap opera “EastEnders” between 1994 and 2016.Windsor was made a dame, the female equivalent of a knight, by the queen in 2016 for services to entertainment and for her work raising awareness about dementia. 686

LOS ANGELES — Prosecutors say two men and two teens have been charged in the death of rising rapper Pop Smoke, who was killed during a Los Angeles home-invasion robbery in February. Los Angeles County District Attorney Jackie Lacey said in a statement Monday that Corey Walker and Keandre Rodgers were charged with murder that occurred during the commission of a robbery and burglary. The two male teens were also charged with murder and robbery in juvenile court. Their names were not released.The 20-year-old New York rapper, whose legal name is Bashar Barakah Jackson, was killed Feb. 19 at a home in the Hollywood Hills. Both Walker and Rodgers are expected to be arraigned Tuesday. 694

LOS ANGELES (AP) — Los Angeles prosecutors have charged rapper Tory Lanez with shooting Megan Thee Stallion during an argument earlier this year. Lanez, whose real name is Daystar Peterson, is accused of shooting at Megan Thee Stallion's feet and hitting her after she left a sport utility vehicle during their fight in the Hollywood Hills on July 12. He faces felony charges of assault with a semiautomatic firearm and carrying a loaded, unregistered firearm in a vehicle. A message sent to his representative was not immediately returned. In a press release, the Los Angeles County District Attorney's Office stated that the 28-year-old would be arraigned on Oct. 13.If convicted, he faces a maximum sentence of 22 years and eight months, the DA's office said. 770

LOS ANGELES (AP) — A fiery crash involving a big rig has injured three people, two critically, and backed up traffic on a Southern California freeway for miles.Authorities say a truck loaded with concrete and gravel hit a car shortly before 3 p.m. Monday on northbound Interstate 405 in the busy Sepulveda Pass area of Los Angeles. The trailer overturned on top of the car, pinning someone underneath and both vehicles burst into flames.Bystanders stopped and managed to pull the trapped person and two others to safety.However, the three reportedly suffered burns, including the truck driver. Two people were hospitalized in critical condition and the third was in fair condition.Lanes on both sides of the freeway were closed, backing up both northbound and southbound traffic. 787

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