Defendant Name: The Cheesecake Factory Incorporated

Defendant Type: Public Company
SIC Code: 5810
CUSIP: 16307210

Initial Case Details

Legal Case Name In the Matter of The Cheesecake Factory Incorporated
First Document Date 04-Dec-2020
Initial Filing Format Administrative Action
File Number 3-20158
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-11

Resolutions

First Resolution Date 04-Dec-2020
Headline Total Penalty and Disgorgement $125,000

Related Documents:

34-90565 04-Dec-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
The SEC stated: "This matter concerns material misstatements by Cheesecake Factory regarding the impact of the Novel Coronavirus Disease 2019 (“COVID-19”) on its business operations and financial condition. The disclosures were included in press releases attached to Forms 8-K furnished to the Commission on March 23 and April 3, 2020, respectively."
2020-306 04-Dec-2020 Press Release--Administrative Proceeding
SEC Charges The Cheesecake Factory for Misleading COVID-19 Disclosures
The SEC stated that: "[It] settled chargesagainst The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC's first charging a public company for misleading investors about the financial effects of the pandemic."