SEC Settles with Cheesecake Factory: A Small Penalty with Big Implications

TRUNORTH Client Alerts

New York, January 25, 2021 – The SEC sent a message to public companies recently when it settled an investigation involving well-known eatery, Cheesecake Factory (see SEC Order). The company’s failure to make accurate disclosures about its financial condition, as prompted by Covid-19 realities, was egregious, yet the SEC’s order allowed the company to neither admit nor deny liability, to pay a civil money penalty of $125,000, a slap on the wrist for a public company, and agree to cease and desist from committing or causing any violations and any future violation of the reporting standards of Section 13(a) of the Securities Exchange Act of 1934 and Rules 12b-20 and 13a-11 thereunder. What is the message? The Staff is watching – closely.

Veteran Diverse Attorneys Join Forces to Form Bradford Edwards & Varlack LLP

TRUNORTH Press Releases

NEW YORK (September 30, 2020) – Three veteran attorneys have teamed up to build a law firm with an explicit mission to eliminate the barriers that inhibit the advancement of diverse attorneys, while solving its clients’ most significant business problems with unparalleled excellence. The firm was founded on a belief that nurturing diverse talent and delivering the highest quality legal services are two aims that complement each other.