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LOS ANGELES (AP) — Orange County sheriff's deputies shot and killed a Black man Wednesday after he allegedly tried to grab one of their guns during a struggle. According to an Orange County Sheriff's Department press release, two deputies from the Homeless Outreach Team made contact with the man outside the Hotel Miramar in San Clemente. "During the contact, a physical altercation occurred. Surveillance video at the scene showed that during the physical altercation, the subject attempted to gain control of a deputy’s gun," the department said in the news release. "Shortly after, a deputy-involved shooting occurred. Deputies began lifesaving measures, and the subject was pronounced deceased at the scene."The latest killing of a Black person by law enforcement happened on the same day as the decision not to charge Kentucky police officers for Breonna Taylor's death was announced. Part of the incident Wednesday afternoon in San Clemente, California, was captured on video and posted to social media by the Southern Orange County Black Lives Matter group. The man's name has not been released by authorities. It's not clear from the video if the man tried to grab the firearm. 1194

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 (AP) — Federal investigators who examined the burned-out wreckage of a scuba diving boat have not been able to determine what ignited a fire that killed 34 people off the California coast, a law enforcement official said Friday.Teams from the FBI and Bureau of Alcohol, Tobacco, Firearms and Explosives left after spending two weeks reviewing what remains of the Conception, according to an official with knowledge of the investigation.Parts of the vessel have been sent to labs for additional testing, said the official, who was not authorized to release the information publicly and spoke on the condition of anonymity. There is no indication anyone intentionally set the Sept. 2 fire.Six crew members were asleep when the fire broke out before dawn and trapped those sleeping in bunks below deck. Coast Guard rules require a roving watchman, and authorities were looking into possible criminal charges that would likely focus on an obscure federal law known as the seaman's manslaughter statute.RELATED: San Diego woman killed in deadly Conception boat fire off Santa BarbaraWith the boat propped up by braces and scaffolding, investigators wearing protective suits walked over planks to inspect and document the burned vessel at Port Hueneme, a naval base more than 60 miles (97 kilometers) northwest of Los Angeles, the official said. Some parts of the boat washed away because it was submerged for two weeks off Santa Cruz Island.Authorities also will examine hundreds of documents seized from the boat's owner, Truth Aquatics Inc., days after the fire.The Coast Guard, FBI and U.S. attorney's office in Los Angeles are leading a criminal investigation into the blaze, and the National Transportation Safety Board is conducting a safety inquiry.The captain and four crew members asleep on the vessel's upper deck survived the fire. The sixth, a 26-year-old deckhand named Allie Kurtz, was sleeping below deck and perished with the boat's 33 passengers.Truth Aquatics preemptively filed a federal lawsuit under a pre-Civil War maritime law that shields boat owners from monetary damages in a disaster at sea.Ryan Sims, a cook on the boat who broke his leg trying to escape the flames, claimed in a separate lawsuit that the boat was unseaworthy and operated in an unsafe manner.Coast Guard records show the Conception passed its two most recent inspections with no safety violations. 2408

LOS ANGELES (AP) — Arnold Spielberg, father of director Steven Spielberg and a pioneering computer engineer, has died. A family statement says Spielberg died Tuesday in Los Angeles at 103. He co-designed the GE-225 mainframe computer while working for General Electric in the 1950s. The machine allowed researchers at Dartmouth College to come up with the coding language BASIC, which made personal computers possible. Spielberg tried to get his son into engineering but said he could tell his heart was in the movies, and he helped him make his first full-length film, “Firelight,” when the future director was 16. 623

LOS ANGELES (AP) — A shirtless man is in custody after leading Los Angeles-area authorities on an auto pursuit that ended in a Venice Beach parking lot where he was taken down by a stun gun.News helicopters showed the scene Friday afternoon as the pursuit transitioned from a freeway to city streets and then entered the parking lot, where the driver finally stopped and got out of the SUV.The man started walking away, but officers equipped with guns and less-lethal weapons closed in and he suddenly fell flat on his back.Officers swarmed the man as beachgoers gathered to watch.Police tell KTLA the man was suspected of assault and making criminal threats against his mother. 686

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