{"id":404855,"date":"2020-12-22T17:03:02","date_gmt":"2020-12-22T22:03:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404855"},"modified":"2020-12-22T17:03:02","modified_gmt":"2020-12-22T22:03:02","slug":"top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/","title":{"rendered":"TOP RANKED ROSEN LAW FIRM Continues to Investigate Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  22, 2020  (GLOBE NEWSWIRE) &#8212; Rosen Law Firm, a global investor rights law firm, continues to investigate 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.<\/p>\n<p align=\"justify\">Early in the COVID-19 pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were &#8220;operating sustainably.&#8221; 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.<\/p>\n<p align=\"justify\">On 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.<\/p>\n<p align=\"justify\">Rosen 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bzFgY0oKMRkH9hr7u5Z-SuT-aFPFcuAxz6YPv-tTPzN3YyTG0fJVQCMRo11Y0ntWuzBzIZPubMmG5s7P5e0BJmPW06FM5onnx1cES39Zhb_e_km_tjEQxt7PI6Rc-C9293LjQt_LCgAbiyVJcPcxYvPFDtgh3P4ZW_58K6QGkEo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5ke77aaDDI0Nv8JvL8T-540scU2r_9Xx7ynRm8kMjT-bhlUZJLXnWdaJO70dVB2sNk-i8KbsPPWPR9uaJxqBdc0hr20KFNPi9Ym9nxWFzq4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pkim@rosenlegal.com<\/a> or cases@rosenlegal.com.<\/p>\n<p align=\"justify\">Follow us for updates on LinkedIn: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QUKBMn-ORLtqAv9-0rPdXZePPeSsNv36qD6kWPcn2AoEz1I2F0xu76lBVvNm1dJD4Tyvh5S1XoByWzWAK_7BsULWP5q_sjOLjtYyW-acaUrEKElpSS2-8vfBvLCkU6DeeZ8LONGCUhNkgedpOxLWjsWaFDP4vX_snLA09816BG4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QUKBMn-ORLtqAv9-0rPdXYCjIDxgoC971F6W_KmFqCbqDE5O9p3GukXk9AY1IZ_tH9LNsbU37DGr-7orZvo3cgZgwCXkk4dfViA6yn-AWELxICCvkEaDNMfoN1O1TwKF\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QUKBMn-ORLtqAv9-0rPdXfT7I9o4kmR71mbqbluEgo96x66sMDCv1nKJTQPvFlaFVLcIzWNPxrBBQs8FAXd5RJO-I9EB4tW_2D82svchBIdmnNABonMsexF5ILQCRtfL\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/rosenlawfirm<\/a>.<\/p>\n<p align=\"justify\">Rosen 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.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p align=\"justify\">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<\/p>\n<p>Contact Information:<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Phillip Kim, Esq.<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Rosen Law Firm, P.A.<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0275 Madison Avenue, 40<sup>th<\/sup> Floor<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0New York, NY 10016<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Tel: (212) 686-1060<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Toll Free: (866) 767-3653<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Fax: (212) 202-3827<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=deFFOs3YKceCUIDRUFryZipttLgXSd-k47cd-BVdCOBER3MM4XWlOd1X_P6FdiwdJRqFRlMX0FG8gdsiajmVh1hP81rc6VM8BB0jGr5I-F0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lrosen@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5ke77aaDDI0Nv8JvL8T-53YtnXwsT2smuoRckHbf2fJ--qyWd3s8CJMOLeYbInzjRJdC5YutDP7BCqNkI_8I8fB-sRx6ZZMTNeB67oeD1yQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pkim@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yc7po1KQIrWGiMOLeuQ_oFKCRlDaDv0DjFncBkA_eYuf_mAaS5NaV3lCJWYGYZU18PkN2Ne1Kq243erdZ7uGQIAhzFB_XmQabHXBS7QgUeo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@rosenlegal.com<\/a><br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7fqrHW83Ek37LeTItiM6dHFoYnW9w3X4CUYMojgwvpRsxcnDbzOMtzLXdo_rQI4sZSDvq6TmPlBRxxcITxbM9RIqOCo9aILY1lZb19hrO-8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.rosenlegal.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjYwNCMzODkzNTM3IzIwMjA0MTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/cb2e9501-39f2-4de6-a7c9-3c423bb7e4a9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; Rosen Law Firm, a global investor rights law firm, continues to investigate 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 in the COVID-19 pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were &#8220;operating sustainably.&#8221; 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, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TOP RANKED ROSEN LAW FIRM Continues to Investigate Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE&#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-404855","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TOP RANKED ROSEN LAW FIRM Continues to Investigate 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\/top-ranked-rosen-law-firm-continues-to-investigate-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=\"TOP RANKED ROSEN LAW FIRM Continues to Investigate Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; Rosen Law Firm, a global investor rights law firm, continues to investigate 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 in the COVID-19 pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were &#8220;operating sustainably.&#8221; 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. 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Early in the COVID-19 pandemic, on March 23, 2020 and April 3, 2020, Cheesecake Factory said that its restaurants were &#8220;operating sustainably.&#8221; 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, &hellip; Continue reading \"TOP RANKED ROSEN LAW FIRM Continues to Investigate Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-22T22:03:02+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjYwNCMzODkzNTM3IzIwMjA0MTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TOP RANKED ROSEN LAW FIRM Continues to Investigate Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE","datePublished":"2020-12-22T22:03:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/"},"wordCount":404,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjYwNCMzODkzNTM3IzIwMjA0MTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/top-ranked-rosen-law-firm-continues-to-investigate-securities-claims-against-the-cheesecake-factory-incorporated-cake\/","name":"TOP RANKED ROSEN LAW FIRM Continues to Investigate Securities Claims Against The Cheesecake Factory Incorporated \u2013 CAKE - 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