Cybersecurity KOL Refutes Claims Against St. Jude (STJ) - Piper Jaffray

Muddy Waters Highlights More St. Jude Medical (STJ) Vulnerabilities

September 7, 2016 2:16 PM EDT

St. Jude Medical (NYSE: STJ) short seller, Muddy Waters, tweets on more device vulnerabilities.

It took this researcher just a few hours to get root on $SJM Merlin@home. Love to hear @stjudemedical reaction https://t.co/tgPkB05OGC

MuddyWatersResearch (@muddywatersre) September 7, 2016... More

St. Jude sues short-seller over heart device allegations

September 7, 2016 10:33 AM EDT

By 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 EDT

St. 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