STRYKER/ORTHOVITA INSIDE TRADERS PLEAD GUILTY (Orthopedics This Week)
After Stryker Corporation (download 4-page analysis of Stryker HERE) acquired Orthovita, Inc. in 2011, the feds charged former Stryker marketing executive Mark Foldy with insider trading.
On October 7, 2013, Foldy, along with Mark Cupo, John Lazorchak and Michael Pendolino plead guilty to the charges. On November 13, 2013, two brokers, Lawrence Grum and Michael Castelli each admitted to two counts of conspiracy to commit securities fraud. Grum also plead guilty to four counts of securities fraud and Castelli admitted to five...
