Ex-Stryker Corporation Exec Dodges Jail In Insider Trading Scheme

Former Stryker executive Mark Foldy, who pleaded guilty last year for his part in an insider trading scheme, dodges a jail sentence. A former Stryker (NYSE:SYK) marketing executive escaped a jail sentence yesterday, instead drawing 6 months of home confinement and 2 years of probation for passing along inside information ahead of Stryker's 2011 acquisition of Orthovita. Last week a pair of traders were sentenced to jail for their parts in the scheme, after admitting to illegal stock trades based on tips relayed from Mark Foldy, a former marketing executive at Stryker.

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