Didn't you post pics from the beach?Originally Posted by NickD
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Didn't you post pics from the beach?
First time I had a lot more free timeDidn't you post pics from the beach?
I like this better then the beach
Sent from my Nexus 6P using Tapatalk
Pic didn't work from my phone
Interesting....
St. Jude sues short-seller over heart device allegations
RANSDELL PIERSON AND ANKUR BANERJEE
Reuters
Published Wednesday, Sep. 07, 2016 9:23AM EDT
St. Jude Medical Inc on Wednesday filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd, saying they intentionally disseminated false information about its heart devices to manipulate its stock.
St. Jude’s shares fell sharply on Aug. 25 after Muddy Waters, run by Carson Block, said it had taken a short position in company’s stock after uncovering security flaws in its devices.
Block said last week his firm’s position was motivated by research from MedSec, which asserted that St. Jude’s heart devices were vulnerable to cyber attacks and were a risk to patients. MedSec has acknowledged that it would share in gains from Muddy Water’s short investment.
Short-sellers borrow shares and sell them in expectation the price will fall. When it does, the short-sellers buy back the shares, return them to the lender, pay borrowing fees and pocket the difference.
St. Jude said it had filed the lawsuit to protect the reputation of its implantable pacemakers and defibrillators, which are used to regulate heart rhythm or treat cardiac arrest. It is seeking damages and for the defendants to give up any profits they made off their investment.
The lawsuit said Muddy Waters had created a short-selling scheme meant to secure a quick and illegal financial windfall. It was not immediately clear how big the short-seller’s position was or how much it may have made when St. Jude’s stock fell.
A Muddy Waters spokesman responded to the lawsuit in an emailed statement that “It is not unusual for a company like this to try to silence its critics and we are always prepared to vigorously defend our right to criticize a company that puts its profits before its patients.”
Muddy Waters alleged last month it and MedSec found security flaws in St. Jude’s Merlin@home device for monitoring implanted heart devices. They said the flaws potentially could enable hackers to easily take control of the devices and either speed them up or drain their power.
In its lawsuit, St. Jude said the accusations were defamatory and that its devices have numerous features that protect against cyberattacks. It accused the short-sellers of false advertising, conspiracy and manipulation of the stock market.
University of Michigan researchers last week said their own experiments had undermined allegations of security flaws in St. Jude’s implantable devices.
St. Jude agreed in April to sell itself to Abbott Laboratories for $25-billion.
MedSec did not immediately respond to requests for comment.
St. Jude’s shares rose 0.8 per cent in morning trading on the New York Stock Exchange.
The stock has fallen about 4 per cent since Muddy Waters disclosed its position.
The case is St. Jude Medical vs. Muddy Waters, MedSec Holdings et al, in the United States District Court for the District of Minnesota, No. 16-cv-03002.
That's a really nice looking car, man.took this for a drive tonight to the Cadillac dealership, my god it gets faster the cooler it is out, cant wait for boost
on another note the ats is nice but the steering wheel controls and cue system feel cheap, Im not sure...
GTA Tire Shops probably filled today with Helicopters and Paranoids, after those few snowflakes on Cars this morning. LOL
Oh you can be sure they'll be there in full force today!!!
I saw one car spinning like crazy from a stoplight.
...and it wasn't slippery!
-Don____________
http://www.cbc.ca/news/canada/toront...mits-1.3823829Some speed limits to drop as part of new city measures to protect pedestrians
14 roads will reduce their speed limits to 10 km/h
10 km/h? WTF?
That's jogging speed. If a pedestrian runs across the road, they will be speeding. I would be 3X over the speed limit if I was on my bike. I don't even think my car can do 10 kph, it would stall.
edit: that was a cut and paste. they have already corrected it to read "reduce their speed limits by 10 km/h". Nice typo CBC
-Don____________
why is it that Google can find a file half-way across the world in seconds, yet windows "search" takes several minutes to locate a file on my hard drive?
-Don____________
Cloud has faster processing speeds than your hardware does?
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