Short-selling firm Muddy Waters said today that outside cybersecurity experts validated its claim that cardiac rhythm management devices made by St. Jude Medical (NYSE:STJ) are vulnerable to malicious hackers. Muddy Waters and research firm MedSec Holdings, which both stand to gain financially from a decline in the price of STJ shares, 1st claimed in August that St. Jude’s […]
Muddy Waters
Short-seller Muddy Waters floats more videos claiming cybersecurity risks with St. Jude Medical’s cardiac devices
In a release timed to coincide with St. Jude Medical‘s (NYSE:STJ) 3rd-quarter results announcement today, short-selling firm Muddy Waters posted a series of videos purporting to show cybersecurity vulnerabilities in the company’s cardiac rhythm management products. Muddy Waters and research firm MedSec Holdings, which both stand to gain financially from a decline in the price of […]
Legal eagles: St. Jude Medical faces uphill battle in lawsuit against short-seller
Legal experts say a defamation lawsuit filed by St. Jude Medical (NYSE:STJ) against a short seller faces an uphill battle. Little Canada, Minn.-based St. Jude yesterday sued short-selling firm Muddy Waters Consulting and the hacking shop behind a report of alleged cybersecurity vulnerabilities that’s pushed STJ shares down more than 3% since late last month. The Muddy Waters […]
St. Jude Medical levels lawsuit against short seller
Updated with information from the FDA St. Jude Medical (NYSE:STJ) said today that it sued the short seller and the hacking shop behind a report of alleged cybersecurity vulnerabilities that’s shaved 5% from its share price since August 25. Little Canada, Minn.-based St. Jude said the lawsuit was filed against Muddy Waters Consulting and its founder, well-known […]
Muddy Waters refutes St. Jude response, presses on security flaws
Short-seller Muddy Waters shot back at St. Jude Medical (NYSE:STJ) today in a continued dispute over alleged cybersecurity flaws in the company’s cardiac rhythm management devices, saying St. Jude’s response to its accusations was “deceptive” and holding its stance on the vulnerabilities. St. Jude on Friday rebutted Muddy Waters’ original accusations of CRM device vulnerabilities, with […]
UPDATE: St. Jude Medical denies short-seller’s accusations
UPDATED August 26, 2016, with St. Jude Medical’s rebuttal. St. Jude Medical (NYSE:STJ) sharply rebutted allegations by a short-seller that nearly half of its cardiac rhythm management devices are extremely vulnerable to hackers. St. Jude Medical vehemently denied the charges, with their top R&D executive calling them “absolutely untrue.” Muddy Waters, the firm founded by well-known […]
