Key defendant in Galleon insider trading trial pleads guilty

[JURIST] A key defendant in the Galleon Group insider trading case pleaded guilty [press release] Wednesday to three counts of conspiracy to commit securities fraud before judge Richard Holwell of the US District Court for the Southern District of New York [official website]. Danielle Chiesi was accused of communicating non-public information about IBM Corporation, Advanced Microdevices (AMD) and Sun Microsystems (now Sun-Oracle) [corporate websites] in 2008 and 2009 to her superiors at New Castle Funds LLC [fund profile], a Manhattan-based…