BRIEF-IFF, ZoomEssence announce settlement of lawsuit
* Under settlement agreement, IFF will make one-time payment to ZoomEssence of $56 million and parties will exchange full mutual releases
WASHINGTON, June 12 The U.S. Supreme Court on Monday declined to widen the reach of a federal law targeting abusive debt-collection tactics such as harassment and threats, ruling it does not cover companies that buy debt, sometimes for pennies on the dollar, and then collect it.
The justices, in a 9-0 ruling, upheld a lower court's dismissal of a proposed consumer class action lawsuit against Santander Consumer USA Holdings Inc over allegations it violated a law called the Fair Debt Collection Practices Act. The four Maryland residents had defaulted on car loans and had sought to sue Santander. The ruling was the first authored by the court's newest justice, Neil Gorsuch.
(Reporting by Lawrence Hurley; Editing by Will Dunham)
* Roche receives fda approval for fourth-generation hiv combination antigen-antibody assay --allowing detection of infection with high sensitivity and specificity
* Pluristem Therapeutics Inc files for mixed shelf of up to $200 million - SEC Filing Source text: [http://bit.ly/2rJWJrh] Further company coverage: