EBS with JInitiator 1.1.8.16 throw error after Java update

Hi All

This is the new issue that I found after update Java to version 1.6.0_31.
The following error "Uncaught Java Exeption while persisting the null bean" starting in JInitiator console when log-in to Oracle Application with  JInitiator 1.1.8.16.

Or

java.io.NotSerializableException: java.lang.Thread
        at java.lang.Throwable.<init>(Compiled Code)
        at java.lang.Exception.<init>(Compiled Code)
        at java.io.IOException.<init>(IOException.java:45)
        at java.io.ObjectStreamException.<init>(ObjectStreamException.java:30)
        at java.io.NotSerializableException.<init> (NotSerializableException.java:29)
        at java.io.ObjectOutputStream.outputObject(Compiled Code)
        at java.io.ObjectOutputStream.writeObject(Compiled Code)
        at java.io.ObjectOutputStream.defaultWriteObject(Compiled Code)
        at java.io.ObjectOutputStream.outputObject(Compiled Code)
        at java.io.ObjectOutputStream.writeObject(Compiled Code)
        at sun.beans.ole.OleBeanInterface.saveBean(OleBeanInterface.java:508)

Here the quick workaround:
1. Go to Control panel --> Java -->View

 2. Disable Java

Or you can just downgrade the java to the previous version.

Good Luck...