Todd Spangler NY Digital EditorMoviePass has been dead for nearly two years. But the execs behind ill-fated company have only just reached a settlement with the Federal Trade Commission over charges that they misled customers and also failed to take reasonable steps to protect data.The principal executives of MoviePass — the theater-subscription company that shut down in September 2019 — reached a settlement with the FTC over the allegations, the agency announced Monday.Under the proposed settlement with the FTC, MoviePass, Helios and Matheson Analytics, Mitch Lowe (former MoviePass CEO) and Ted Farnsworth (former Helios and Matheson CEO), will be “barred from misrepresenting their business and data security practices,” according to the.
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