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U.S. prosecutors, already smarting from a appeals court ruling that weakens their ability to crack down on future insider trading, on Thursday faced widening fallout from the decision as some existing cases threatened to unravel.

A judge overseeing the Colorado movie theater massacre case said on Wednesday he will not delay the trial of gunman James Holmes again, rejecting a request by the defense for more time to study the results of a second court-ordered sanity exam.

State-controlled oil company Petroleo Brasileiro SA and its top executives face a class-action lawsuit in a federal court in New York over an alleged contract fixing, bribery and kickback scheme that lawyers say inflated the value of the company's assets