FULL PRODUCT VERSION :
java version "1.7.0_67"
Java(TM) SE Runtime Environment (build 1.7.0_67-b01)
Java HotSpot(TM) 64-Bit Server VM (build 24.65-b04, mixed mode)

Same with: jdk1.7.0_45 / jdk1.7.0_51 / jdk1.7.0_55 / jdk1.7.0_60

ADDITIONAL OS VERSION INFORMATION :
Linux srv 2.6.37.6-24-desktop #1 SMP PREEMPT 2012-10-18 22:36:08 +0200 x86_64 x86_64 x86_64 GNU/Linux

Linux 2.6.32-431.el6.x86_64 #1 SMP Sun Nov 10 22:19:54 EST 2013 x86_64 x86_64 x86_64 GNU/Linux

A DESCRIPTION OF THE PROBLEM :
http://docs.oracle.com/javase/tutorial/jndi/newstuff/readtimeout.html

Read timeout settings have no effect.

ADDITIONAL REGRESSION INFORMATION:
Known version to work:
java version "1.7.0_25"
Java(TM) SE Runtime Environment (build 1.7.0_25-b15)
Java HotSpot(TM) 64-Bit Server VM (build 23.25-b01, mixed mode)
kuhr@kap-meyt:/devel/kuhr/hel> /app/java/lib64/jdk1.7.0_67/bin/java -version

STEPS TO FOLLOW TO REPRODUCE THE PROBLEM :
Test case:

http://www.java2s.com/Code/Java/JNDI-LDAP/ReadTimeoutTest.htm



EXPECTED VERSUS ACTUAL BEHAVIOR :
EXPECTED -
Server: Connection accepted
javax.naming.NamingException: LDAP response read timed out, timeout used:1000ms.
        at com.sun.jndi.ldap.Connection.readReply(Connection.java:481)
        at com.sun.jndi.ldap.LdapClient.ldapBind(LdapClient.java:358)
        at com.sun.jndi.ldap.LdapClient.authenticate(LdapClient.java:188)
        at com.sun.jndi.ldap.LdapCtx.connect(LdapCtx.java:2740)
        at com.sun.jndi.ldap.LdapCtx.<init>(LdapCtx.java:316)
        at com.sun.jndi.ldap.LdapCtxFactory.getUsingURL(LdapCtxFactory.java:193)
        at com.sun.jndi.ldap.LdapCtxFactory.getUsingURLs(LdapCtxFactory.java:211)
        at com.sun.jndi.ldap.LdapCtxFactory.getLdapCtxInstance(LdapCtxFactory.java:154)
        at com.sun.jndi.ldap.LdapCtxFactory.getInitialContext(LdapCtxFactory.java:84)
        at javax.naming.spi.NamingManager.getInitialContext(NamingManager.java:684)
        at javax.naming.InitialContext.getDefaultInitCtx(InitialContext.java:307)
        at javax.naming.InitialContext.init(InitialContext.java:242)
        at javax.naming.InitialContext.<init>(InitialContext.java:216)
        at javax.naming.directory.InitialDirContext.<init>(InitialDirContext.java:101)
        at de.redero.ldap.ReadTimeoutTest.main(ReadTimeoutTest.java:36)

ACTUAL -
Test hangs, no read timeout occurs.

REPRODUCIBILITY :
This bug can be reproduced always.

---------- BEGIN SOURCE ----------
http://www.java2s.com/Code/Java/JNDI-LDAP/ReadTimeoutTest.htm
---------- END SOURCE ----------