{"id":394470,"date":"2020-12-07T09:58:11","date_gmt":"2020-12-07T14:58:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394470"},"modified":"2020-12-07T09:58:11","modified_gmt":"2020-12-07T14:58:11","slug":"equity-alert-rosen-law-firm-announces-investigation-of-securities-claims-against-the-cheesecake-factory-incorporated-cake","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-law-firm-announces-investigation-of-securities-claims-against-the-cheesecake-factory-incorporated-cake\/","title":{"rendered":"EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE"},"content":{"rendered":"

<\/p>\n

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nRosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of The Cheesecake Factory Incorporated (NASDAQ: CAKE) resulting from allegations that Cheesecake Factory may have issued materially misleading business information to the investing public.\n<\/p>\n

\nEarly pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were “operating sustainably.” In reality, the Company was losing around $6 million per week and did not disclose this information to investors. Cheesecake Factory also failed to disclose to investors that it informed landlords that the COVID-19 pandemic made it impossible to pay rent in April. On December 4, 2020, the Company announced that it will pay a $125,000 fine to the U.S. Securities and Exchange Commission for making misleading statements.\n<\/p>\n

\nOn this news, Cheesecake Factory\u2019s stock price fell $0.81 per share, or 2%, to close at $38.62 per share on December 4, 2020.\n<\/p>\n

\nRosen Law Firm is preparing a securities lawsuit on behalf of Cheesecake Factory shareholders. If you purchased securities of Cheesecake Factory please visit the firm\u2019s website at http:\/\/www.rosenlegal.com\/cases-register-2001.html<\/a> to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.\n<\/p>\n

\nFollow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm<\/a>.\n<\/p>\n

\nRosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm\u2019s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.\n<\/p>\n

\nAttorney Advertising. Prior results do not guarantee a similar outcome.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201207005623\/en\/<\/a><\/span><\/p>\n

\nLaurence Rosen, Esq.
\n
Phillip Kim, Esq.
\n
The Rosen Law Firm, P.A.
\n
275 Madison Avenue, 40th Floor
\n
New York, NY 10016
\n
Tel: (212) 686-1060
\n
Toll Free: (866) 767-3653
\n
Fax: (212) 202-3827
\n
lrosen@rosenlegal.com
\n<\/a>
pkim@rosenlegal.com
\n<\/a>
cases@rosenlegal.com
\n<\/a>
www.rosenlegal.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE NEW YORK–(BUSINESS WIRE)– Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of The Cheesecake Factory Incorporated (NASDAQ: CAKE) resulting from allegations that Cheesecake Factory may have issued materially misleading business information to the investing public. Early pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were “operating sustainably.” In reality, the Company was losing around $6 million per week and did not disclose this information to investors. Cheesecake Factory also failed to disclose to investors that it informed landlords that the COVID-19 pandemic made it … <\/p>\n

Continue reading “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394470","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/equity-alert-rosen-law-firm-announces-investigation-of-securities-claims-against-the-cheesecake-factory-incorporated-cake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE NEW YORK–(BUSINESS WIRE)– Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of The Cheesecake Factory Incorporated (NASDAQ: CAKE) resulting from allegations that Cheesecake Factory may have issued materially misleading business information to the investing public. Early pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were “operating sustainably.” In reality, the Company was losing around $6 million per week and did not disclose this information to investors. 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