{"id":395761,"date":"2020-12-08T14:37:04","date_gmt":"2020-12-08T19:37:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395761"},"modified":"2020-12-08T14:37:04","modified_gmt":"2020-12-08T19:37:04","slug":"shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  08, 2020  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of The Cheesecake Factory (\u201cCheesecake Factory\u201d or the \u201cCompany\u201d) (NASDAQ: CAKE).<\/p>\n<p align=\"justify\">Cheesecake Factory is a dining company with more than 200 locations in the United States. The Company misled the investors as to COVID-19 Pandemic\u2019s impact on its operations. In its March 23, 2020 and April 3, 2020 disclosures, Cheesecake Factory stated that its restaurants were \u201coperating sustainably\u201d while the Company was losing $6 million per week and had only about 16 weeks\u2019 worth of cash left. The Company tried to raise capital from potential private equity investors but concealed this information from the investors.<\/p>\n<p align=\"justify\">On December 4, 2020, the Company announced that it has settled the U.S. Securities and Exchange Commission\u2019s (\u201cSEC\u201d) charges and will pay a $125,000 fine to the SEC for making misleading statements. On this news, the price of Cheesecake Factory shares fell $2.85, more than 7%, to close at $36.65, on December 7, 2020.<\/p>\n<p align=\"justify\">If you are a shareholder of Cheesecake Factory and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7201 or via email at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=abGpLWXjup3JTt0wuIT4KEdJ9i8JhtoBcq6ECVnVbCLD-NmrGbRmgZKEV5ShLsCQgQPp9iuK9EBedpxYpARVgIinSKnxlzU_TyKER41ZRS8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@lowey.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Lowey Dannenberg<\/strong>\n      <\/p>\n<p align=\"justify\">Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.<\/p>\n<p>\n        <strong>Contact<\/strong>\n      <\/p>\n<p>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100\u00a0<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7256<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=abGpLWXjup3JTt0wuIT4KEdJ9i8JhtoBcq6ECVnVbCKEsq2FM6ONaLDdUdFOMJ5lLpdTMw6F79nsgwbp__P0SNNmogHr0fhjoqaIpS9OUfw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@lowey.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODg4NSMzODYyMzA4IzIxOTQ1MzQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/aef3d52b-91fc-4555-b899-85a8ce77dbc9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of The Cheesecake Factory (\u201cCheesecake Factory\u201d or the \u201cCompany\u201d) (NASDAQ: CAKE). Cheesecake Factory is a dining company with more than 200 locations in the United States. The Company misled the investors as to COVID-19 Pandemic\u2019s impact on its operations. In its March 23, 2020 and April 3, 2020 disclosures, Cheesecake Factory stated that its restaurants were \u201coperating sustainably\u201d while the Company was losing $6 million per week and had only about 16 weeks\u2019 worth of cash left. The Company tried to raise capital from potential &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm&#8221;<\/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-395761","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm - 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\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of The Cheesecake Factory (\u201cCheesecake Factory\u201d or the \u201cCompany\u201d) (NASDAQ: CAKE). Cheesecake Factory is a dining company with more than 200 locations in the United States. The Company misled the investors as to COVID-19 Pandemic\u2019s impact on its operations. In its March 23, 2020 and April 3, 2020 disclosures, Cheesecake Factory stated that its restaurants were \u201coperating sustainably\u201d while the Company was losing $6 million per week and had only about 16 weeks\u2019 worth of cash left. The Company tried to raise capital from potential &hellip; Continue reading &quot;SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-08T19:37:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODg4NSMzODYyMzA4IzIxOTQ1MzQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm\",\"datePublished\":\"2020-12-08T19:37:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\\\/\"},\"wordCount\":296,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5ODg4NSMzODYyMzA4IzIxOTQ1MzQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-the-cheesecake-factory-cake-and-encourages-investors-to-contact-the-firm\\\/\",\"name\":\"SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of The Cheesecake Factory (CAKE) and Encourages Investors to Contact the Firm - 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Cheesecake Factory is a dining company with more than 200 locations in the United States. The Company misled the investors as to COVID-19 Pandemic\u2019s impact on its operations. In its March 23, 2020 and April 3, 2020 disclosures, Cheesecake Factory stated that its restaurants were \u201coperating sustainably\u201d while the Company was losing $6 million per week and had only about 16 weeks\u2019 worth of cash left. 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