U.S. v. Chesi (S.D.N.Y.). Danielle Chiesi pleaded guilty in the Galleon insider trading cases to three counts of conspiracy to commit securities fraud. She had been scheduled to stand trial in April 2011. Sentencing is scheduled for May 13, 2011. Ms. Cheisi reportedly is not cooperating with prosecutors. Ms. Chiesi was formerly employed at New Castle Funds, LLC, an equity group once affiliated with Bear Stearns Asset Management, Inc. She was initially charged along with Mark Kurland and Robert Moffat. Both men have pleaded guilty. At the same time charges were brought against Ms. Chiesi, Raj Rajaratnam, the founder of the Galleon hedge fund, was charged in an expansive insider trading case. Mr. Rajaratnam is scheduled to begin trial late next month. The SEC also filed an action against Ms. Chiesi, Mr. Rajaratnam and others. SEC v. Galleon Management, LP, Civil Action No. 09-CV-881 (S.D.N.Y. Oct. 16, 2009).