The Cheesecake Factory Corporate Support Center

The Biggest LA Restaurant Stories of 2020 | Eater LA

"A Calabasas-based, publicly traded national restaurant chain made headlines when it notified landlords on March 25 that it could not make rent payments due April 1 due to steep COVID-19 revenue losses — a move criticized because many smaller independent restaurants continued paying rent with little assistance, highlighting pandemic-era inequities in the industry. The company later agreed to pay a $125,000 SEC fine for understating the pandemic’s financial impact and misleading investors in March and April by issuing overly optimistic reports while in fact losing millions of dollars per month." - Mona Holmes