A new investment group based in California has signed a letter of intent with Morgan Stanley, the defunct company’s largest debt holder. Under a proposed plan, the investment firm will be allowed to buy the assets of Verified Identity Pass Inc. and restart the Clear fast-lane security service. VIP was one of seven companies approved by the Transportation Security Administration to operate a registered traveler program, which lets air travelers get through airport security checks faster. Many participants were left feeling scammed when VIP announced it couldn’t refund their subscriptions because it had run out of money.”]
Source: https://www.csoonline.com/article/2124457/defunct-airport-fast-pass-program-may-be-revived.html