Calif. Tech Consultant Pleads Guilty In Trading Probe

Law360 (December 23, 2010, 6:20 PM EST) -- A California-based technology consultant has pled guilty to conspiracy and securities fraud charges, the latest development in the government's broadening probe into insider trading by so-called expert analysts.

According to a criminal information unsealed Thursday in the U.S. District Court for the Southern District of New York, Karl Motey, a consultant with California research company Coda Group Inc. conspired with an unnamed employee of Marvell Technology Group Ltd. to execute securities trades based on insider information.

Motey pled guilty on Dec. 14, according to the criminal...
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