PREET BHARARA, the United States Attorney for the Southern District of New York, announced today that WALTER SHIMOON pled guilty in Manhattan federal court to conspiracy and securities fraud charges arising from schemes in which he provided confidential information, including material, nonpublic information (“Inside Information”), to employees and clients of an expert-networking firm (the “Firm”). SHIMOON also provided Inside Information to a consultant who operated a research firm (the “Consultant”) and then provided the information to certain money managers. SHIMOON pled guilty before U.S. District Judge JED S. RAKOFF. According to the information, a complaint previously filed in this case, and statements made during today’s guilty plea proceeding: At all relevant times, SHIMOON worked as a director of Bbusiness development at Flextronics International, Ltd. (“Flextronics”), a technology company that designed, engineered, and manufactured electronics products. During that time, S...