Medical device maker St Jude has filed suit against a security company that reported security flaws in its products as part of a short-sale financial scheme.
The medical supplier says that it has sued both security firm MedSec and researcher Muddy Waters, as well as three other individuals it says falsely reported serious vulnerabilities in its pacemakers and defibrilators. They then made money by short-selling the stock when the news broke.
The charges include false advertising, false statements, conspiracy, and market manipulation.
Full article here.
St Jude sues short-selling MedSec over pacemaker 'hack' report
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Well, if this is true then I am surprised that they expected to get away with it as it would seem to be an obvious case of insider dealing...what where they thinking about...LOL
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