Initializing Java preferences failed in matlabrc

*Hello I am receiving the following message after updating the current version of Java. Im having trouble checking the current version of Java, But I have not had a problem with Matlab up until this latest update.

I have attempted to check java version by typing 'java -version' in OS X Terminal but it just prompts me to download the latest version which I am pretty sure I already have.

MAC OS X version: 10.10.2 Matlab version: Matlab_R2014b

So far I haven't experienced a problem but I dont want to have a problem when I need Matlab most.

This is what the code is saying everytime I open Matlab:*

Warning: Initializing Java preferences failed in matlabrc. This indicates a potentially serious problem in your MATLAB setup, which should be resolved as soon as possible. Error detected was: MATLAB:minrhs Not enough input arguments. > In matlabrc at 118 Error using path (line 2) Not enough input arguments.

Error in setupConnector>config_mpath (line 127)

Error in setupConnector (line 26)

Error in performConnectorAction>startService (line 101)

Error in performConnectorAction (line 13)

Error in connectorHandler>performAction (line 69)

Error in connectorHandler (line 28)

Error in connector (line 10) connectorHandler(action, varargin{:});

Error in connector.internal.autostart.run (line 10)

Can someone please help me understand what is going on here?

much thanks!

Andrew