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LONDON (AP) — Queen Elizabeth II has made a knight of the 100-year-old World War II veteran who captivated the British public by walking 100 laps of his garden and raising some 33 million pounds ( million) for the National Health Service.The queen tapped the blade of a sword once owned by her father on the shoulders of Tom Moore on Friday to turn the hero of a nation into a knight of the realm.Moore steadied himself against his now-famous walker and wheeled himself close enough to stand in front of Elizabeth but skipped the normal practice of taking a knee before the monarch. 593

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, Calif. – A judge has denied a request from Britney Spears to end her father’s conservatorship over her estate, though the pop star did score small victories in the case.Los Angeles Superior Court Judge Brenda Penny declined to suspend James “Jamie” Spears from his central role in the court conservatorship, but said she would consider future petitions for his suspension or outright removal, The Associated Press reports.Spears’ attorney, Samuel D. Ingham III, said he plans to file those petitions.The judge also approved a request from Spears for a corporate fiduciary, the Bessemer Trust, to now serve as co-conservator with her father.During Tuesday’s contentious court hearing, Ingham said his client fears her father and won’t resume her career as long as he has power over it. The 38-year-old singer has been on a hiatus since early 2019.A lawyer for Spears’ father argued during the hearing that he has been an excellent conservator and has taken his daughter from being in debt to being worth more than million.Spears’ conservatorship has been in place since 2008, when the star experienced mental health issues and her public meltdowns were widely reported on. Since then, however, she has made a comeback in her career and held a residency in Las Vegas.Legal experts told the Los Angeles Times that it’s unusual for someone as young and productive as Spears to be in this type of situation for so long and that conservatorships like these are usually used to protect the old, infirm or mentally disabled.The L.A. Times reports that another hearing in the case is set for Dec. 16. 1616

LOS ANGELES (AP) — Officials say a Northern California county has begun a door-to-door coronavirus testing pilot program in a majority Latino community that has become a virus hot spot. Santa Clara County volunteers started handing out self-testing kits in the East San Jose neighborhood of Silicon Valley’s San Jose last week, where 55% of the population is Latino and officials say many residents do not have the ability or means to get tested. Communities of color nationwide have been disproportionately affected by the virus. Santa Clara County’s efforts come as more than 325,000 doses of a COVID-19 vaccine are on their way to California on Sunday amid record-setting case numbers and shrinking intensive care unit capacity. 739

LOS ANGELES (CNS) - Mercury Insurance estimated its losses at million from the Woolsey Fire in Los Angeles and Ventura counties, the company announced Tuesday.The loss amount, which will be recorded in the fourth quarter of 2018, represents Mercury General Corp.'s best estimate based on the information available, and could change as new information, including any late reporting of claims, becomes available.The company is party to a Catastrophe Reinsurance Treaty covering a wide range of perils effective through June 30. For the 12 months prior to thatdate, the treaty provides 5 million of coverage on a per occurrence basis after covered catastrophe losses exceed the million company retentionlimit, Mercury said.Malibu residents whose properties were still standing were back in their homes Monday after being evacuated from the Woolsey Fire.The fire erupted Nov. 8 in Ventura County and quickly spread into Los Angeles County, charring 96,949 acres, destroying 1,643 structures in both counties and damaging 364 others, with damage assessments completed.Three civilians were killed and three firefighters were injured. The fire was 100 percent contained on Nov. 21. 1193

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