Cheesecake Factory is good. Outback Steakhouse is good. Fuck all the haters
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Date: December 4th, 2020 11:56 AM Author: Misunderstood milky dingle berry
https://www.law360.com/articles/1334593
Law360 (December 4, 2020, 11:19 AM EST) -- The Cheesecake Factory agreed to pay a $125,000 civil penalty to the U.S. Securities and Exchange Commission Friday to settle allegations the restaurant chain hid from investors that its finances were struggling amid the COVID-19 pandemic.
The SEC alleged the company violated reporting provisions of federal securities laws when it said in its March 23 and April 3 SEC filings that its restaurants were "operating sustainably" during the coronavirus pandemic, when in fact, it was losing about $6 million in cash per week and only had an estimated 16 weeks of cash remaining.
(http://www.autoadmit.com/thread.php?thread_id=4704569&forum_id=2,#41485056) |
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