- St. Jude Medical (NYSE:STJ) sues Muddy Waters, MedSec Holdings and three individuals over what it calls "false statements, false advertising, conspiracy and the related manipulation of the public markets" related to its August 25 report alleging that ~50% of the company's business was at high risk due to the vulnerability of its devices to hacking.
- The company's shares sold off by more than 10% on the news but have since recovered a bit, still down ~4% since the report was published.
- Previously: Trading in St. Jude Medical halted, news pending (Aug. 26)
- Previously: Muddy Waters says big chunk of St. Jude Medical's business at risk due to hacking vulnerability; shares off 4% (Aug. 25)