COVID-19 Regulatory Update: What The Cheesecake Factory Settlement With The SEC Means For Issuers
By EsqSocial Corporation 16/12/20
On December 4, 2020, the Securities and Exchange Commission (SEC) announced a settlement with the Cheesecake Factory Inc. asserting that the company issued materially misleading disclosures about the risk that the COVID-19 pandemic posed to the company’s operations. The settlement is potentially significant in that it could reflect a movement beyond the run-of-the-mill fraud cases that the SEC has pursued against issuers in the early months of the pandemic and toward a more nuanced analysis of...
By: Lowenstein Sandler LLP