Run the following and see if it clears up the problem:
sudo rm /var/lib/apt/lists/security.ubuntu.com_ubuntu_dists_natty-
security_main_binary-amd64_Packages
** Changed in: update-manager (Ubuntu)
Status: New => Incomplete
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https://bugs.launchpad.net/bugs/777885
Title:
Could not initialize the package information (Update Manager)
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