AT&T to pay $60 million in settlement for slowing cellphone data on unlimited plans

AT&T will pay $60 million to resolve U.S. allegations itmisled millions of smartphone customers by charging them for "unlimited" data plans that reduced data speeds if they used too much, the Federal Trade Commission (FTC) said on Tuesday.As part of the settlement of the 2014 complaint, AT&T is also prohibited from making any representation about the speed or amount of its mobile data without also disclosing any material restrictions on the data.AT&T issued a brief statement acknowle