SAN DIEGO -- Walter Shimoon, the ex-Flextronics manager who allegedly was involved in insider trading, could be released on bail today.

The former business development manager was granted his release yesterday after posting $120,000 in collateral and agreeing to appear in federal court early next month.

Shimoon used equity in his home as collateral. His wife, a professor at the University of California at San Diego, is reportedly in her third trimester of pregnancy.

Shimoon is accused of illegally sharing inside information about Flextronics' customer Apple to a third party that then passed the information to investors. Flextronics has fired Shimoon.

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