FULL PRODUCT VERSION :
$ java -version
java version "1.8.0_74"
Java(TM) SE Runtime Environment (build 1.8.0_74-b02)
Java HotSpot(TM) 64-Bit Server VM (build 25.74-b02, mixed mode)

ADDITIONAL OS VERSION INFORMATION :
mac os x 10.9.5
uname -a
Darwin 13.4.0 Darwin Kernel Version 13.4.0: Wed Mar 18 16:20:14 PDT 2015; root:xnu-2422.115.14~1/RELEASE_X86_64 x86_64

EXTRA RELEVANT SYSTEM CONFIGURATION :
macbook pro 15-inch, Early 2011
processor: 2.3 Ghz Intel Core i7
memory: 8 GB 1333 MHz DDR3

A DESCRIPTION OF THE PROBLEM :
Receiving exception java.lang.VerifyError. I've included a simple program that causes the Exception on my mac. I've run it on my linux box and it works fine.

REGRESSION. Last worked in version 6u45

ADDITIONAL REGRESSION INFORMATION:
The code worked on Mac OS X 10.6.8 with Java 1.6 although I cant remember the exact version number, I just selected one of the Java 1.6 entries from the drop down above.
current output from java -version:

java version "1.8.0_74"
Java(TM) SE Runtime Environment (build 1.8.0_74-b02)
Java HotSpot(TM) 64-Bit Server VM (build 25.74-b02, mixed mode)

STEPS TO FOLLOW TO REPRODUCE THE PROBLEM :
javac TestVerifyError.java
java TestVerifyError

EXPECTED VERSUS ACTUAL BEHAVIOR :
EXPECTED -
The output from the compiled program should be:
 
No Data Found
ACTUAL -
Error: A JNI error has occurred, please check your installation and try again
Exception in thread "main" java.lang.VerifyError: Bad local variable type
Exception Details:
  Location:
    TestVerifyError.main([Ljava/lang/String;)V @36: aload_1
  Reason:
    Type top (current frame, locals[1]) is not assignable to reference type
  Current Frame:
    bci: @36
    flags: { }
    locals: { '[Ljava/lang/String;', top, '[Ljava/lang/String;', 'java/io/PrintStream' }
    stack: { 'java/io/PrintStream' }
  Bytecode:
    0x0000000: 04bd 0002 4d2c 0301 53bb 0003 59b2 0004
    0x0000010: 0412 05b7 0006 4e2d 2c03 32c6 0009 2c03
    0x0000020: 32a7 0004 2bb6 0007 a700 213a 04bb 0009
    0x0000030: 59bb 000a 59b7 000b 120c b600 0d19 04b6
    0x0000040: 000e b600 0fb7 0010 bfb1
  Exception Handler Table:
    bci [9, 40] => handler: 43
  Stackmap Table:
    full_frame(@36,{Object[#26],Top,Object[#26],Object[#27]},{Object[#27]})
    full_frame(@37,{Object[#26],Top,Object[#26],Object[#27]},{Object[#27],Object[#28]})
    full_frame(@43,{Object[#26],Top,Object[#26]},{Object[#29]})
    append_frame(@73,Object[#27])

at java.lang.Class.getDeclaredMethods0(Native Method)
at java.lang.Class.privateGetDeclaredMethods(Class.java:2701)
at java.lang.Class.privateGetMethodRecursive(Class.java:3048)
at java.lang.Class.getMethod0(Class.java:3018)
at java.lang.Class.getMethod(Class.java:1784)
at sun.launcher.LauncherHelper.validateMainClass(LauncherHelper.java:544)
at sun.launcher.LauncherHelper.checkAndLoadMain(LauncherHelper.java:526)

ERROR MESSAGES/STACK TRACES THAT OCCUR :
Error: A JNI error has occurred, please check your installation and try again
Exception in thread "main" java.lang.VerifyError: Bad local variable type
Exception Details:
  Location:
    TestVerifyError.main([Ljava/lang/String;)V @36: aload_1
  Reason:
    Type top (current frame, locals[1]) is not assignable to reference type
  Current Frame:
    bci: @36
    flags: { }
    locals: { '[Ljava/lang/String;', top, '[Ljava/lang/String;', 'java/io/PrintStream' }
    stack: { 'java/io/PrintStream' }
  Bytecode:
    0x0000000: 04bd 0002 4d2c 0301 53bb 0003 59b2 0004
    0x0000010: 0412 05b7 0006 4e2d 2c03 32c6 0009 2c03
    0x0000020: 32a7 0004 2bb6 0007 a700 213a 04bb 0009
    0x0000030: 59bb 000a 59b7 000b 120c b600 0d19 04b6
    0x0000040: 000e b600 0fb7 0010 bfb1
  Exception Handler Table:
    bci [9, 40] => handler: 43
  Stackmap Table:
    full_frame(@36,{Object[#26],Top,Object[#26],Object[#27]},{Object[#27]})
    full_frame(@37,{Object[#26],Top,Object[#26],Object[#27]},{Object[#27],Object[#28]})
    full_frame(@43,{Object[#26],Top,Object[#26]},{Object[#29]})
    append_frame(@73,Object[#27])

at java.lang.Class.getDeclaredMethods0(Native Method)
at java.lang.Class.privateGetDeclaredMethods(Class.java:2701)
at java.lang.Class.privateGetMethodRecursive(Class.java:3048)
at java.lang.Class.getMethod0(Class.java:3018)
at java.lang.Class.getMethod(Class.java:1784)
at sun.launcher.LauncherHelper.validateMainClass(LauncherHelper.java:544)
at sun.launcher.LauncherHelper.checkAndLoadMain(LauncherHelper.java:526)

REPRODUCIBILITY :
This bug can be reproduced always.

---------- BEGIN SOURCE ----------
import java.io.PrintStream;


public class TestVerifyError {

  public static void main( String argv[] ){

    final String ndf = "No Data Found";
    final String displayText[] = new String[1];
    final PrintStream out;
    displayText[0] = null;

    try {
        out = new PrintStream( System.out, true, "UTF-8" );
        // out.println();
        out.println((displayText[0] != null) ? displayText[0] : ndf);
    }
    catch ( java.io.UnsupportedEncodingException e ){
        throw new RuntimeException(
            "error creating UTF-8 print stream. " + e );
    }
  }
}
---------- END SOURCE ----------