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LONG BEACH, Calif. (KGTV) - A man with a handgun prompted a standoff with police near Long Beach City Hall Wednesday.A "hysterical female" called 911 to reported her husband was armed at a federal building, according to ABC affiliate KABC. Los Angeles Sheriff's Department deputies and Long Beach Police responded to the suspect in the 300 block of Ocean Blvd. just before 4 p.m., where the standoff began.LASD said the suspect had a "possible improvised explosive device" in his vehicle.SWAT officers and bomb squad officers were at the scene as the man has stood outside a van with his arms raised. He appeared to have a gun in his hand, according to officers.The standoff ended at about 6 p.m. after a police K-9 brought the man down.Long Beach Mayor Robert Garcia tweeted that police had escorted employees out of City Hall and that "everyone is safe." 874

LONDON (AP) — Attorneys representing Britain's Prince Andrew say they've been assured by the U.S. Department of Justice that he is not a target in the investigation of the late sex offender Jeffrey Epstein. The firm, Blackfords LLP, said in a statement that Prince Andrew offered to help the DOJ three times this year, but U.S. authorities didn't request help at all from Queen Elizabeth II's son until January 2020. 424

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) - Los Angeles City Councilman Mitch O'Farrell and the city's Bureau of Sanitation will remind all restaurant managers that starting Tuesday they will be required to withhold plastic straws unless a customer requests them. ``The new city law picks up where the state law stops,'' O'Farrell said in April. ``As a coastal city and state, we owe it to our environment to do everything in our power to ensure we reduce single-use plastic waste.'' The first phase of O'Farrell's ``Straws on Request'' initiative took effect this year on Earth Day, which applied to businesses with more than 26 employees. The new law takes aim at reducing single-use plastic waste from littering beaches and waterways, O'Farrell said, and it applies to restaurants of all sizes. O'Farrell plans to speak this morning at a news conference with various city officials and local restaurant owners. Both the state and county recently adopted a single-use plastic straw policy, but O'Farrell said Los Angeles' law is more restrictive. In drive-thru restaurants, the customer will be notified to ask for a straw if one is needed. O'Farrell cited a report from the nonprofit Lonely Whale's campaign called Strawless Ocean, which stated Americans throw away 500 million plastic straws each day. Worldwide, plastic straws are among the top 10 marine debris items, according to the environmental advocacy group. 1404

Lollapalooza has released the official lineup for this summer’s music festival.Headliners include The Weeknd, Bruno Mars, Jack White and Arctic Monkeys.Other performers announced are Travis Scott, Vampire Weekend, Khalid, Tyler, the Creator, LL Cool J, Camila Cabello and Lil Pump — among many others.For the full Lollapalooza lollapalooza.com/lineupFour-day general admission tickets are now on sale.The passes cost 5, plus taxes and fees through Lollapalooza.com.Single-day tickets are not for sale yet. Those tickets are “coming soon,” according to the official Lollapalooza website.The four-day Lollapalooza Festival will run this year from August 2-5 in Chicago’s Grant Park.  697

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