[MCL-1988] Launcher fails to load after OS X 10.9.1 Update

Moderator Note

This issue can often be resolved by installing this update for Apple Java.

Launcher fails to load after 10.9.1 update. Launched successfully once, but would not launch game, tried 1.7.2, 1.7.3, 1.7.4 and latest profiles. Updated to latest Java (Update 45), but no luck.

What I expected to happen was...:
The Launcher would open and the game would launch.

What actually happened was...:
See attachment for error log.

Steps to Reproduce:
1. Update to 10.9.1
2. Start launcher.