Muddy Waters Highlights More St. Jude Medical (STJ) Vulnerabilities
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Cybersecurity KOL Refutes Claims Against St. Jude (STJ) - Piper Jaffray
September 8, 2016 7:58 AM EDTPiper Jaffray analyst Brooks West notes that during yesterday's KOL call, cybersecurity expert Mark Lanterman refuted security claims by MedSec and Muddy Waters against St. Jude Medical's (NYSE: STJ) pacemakers, defibrillators and Merlin monitoring system.
West noted that Lanterman began the discussion with the statement that the notion of hacking implantable medical devices was not new (referencing security around then Vice President Cheneys pacemaker) and that through his work with several large device manufacturers he had firsthand experience with security protocols for these device.
He also said a 'crash attack' could not be... More
St. Jude sues short-seller over heart device allegations
September 7, 2016 10:33 AM EDTBy Ransdell Pierson and Jim Finkle
NEW YORK/BOSTON (Reuters) - St. Jude Medical Inc (NYSE: STJ) on Wednesday sued short-selling firm Muddy Waters and cybersecurity company MedSec Holdings Ltd, saying they intentionally disseminated false information about its heart devices to manipulate its stock.
Muddy Waters, run by Carson Block, said in late August that St. Jude's pacemakers and defibrillators, which are used to regulate heart rhythm and treat cardiac arrest, had cybersecurity flaws that enabled them to be hacked and manipulated, with potentially fatal consequences.
The accusations that the devices are... More
St. Jude Medical (STJ) Sues Muddy Waters, MedSec
September 7, 2016 7:44 AM EDTSt. Jude Medical, Inc. (NYSE: STJ) announced that it has filed a lawsuit against Muddy Waters Consulting LLC, Muddy Waters Capital LLC, MedSec Holdings, Ltd., MedSec LLC, and three individual defendants who are principals in these firms, for false statements, false advertising, conspiracy and the related manipulation of the public markets in connection with St. Jude Medicals implantable cardiac management devices. With this action, St. Jude Medical seeks to hold these firms and individuals accountable for their false and misleading tactics, to set the record straight about the security of its devices,... More
