[Bug 1074605] [NEW] package manager and apt fails to update

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package manager and apt-get update reports the following

Fetched 20.2 MB in 51s (395 kB/s)                                              
Reading package lists... Error!
W: GPG error: http://archive.canonical.com precise Release: The following signatures were invalid: BADSIG 40976EAF437D05B5 Ubuntu Archive Automatic Signing Key <ftpmaster at ubuntu.com>
W: A error occurred during the signature verification. The repository is not updated and the previous index files will be used. GPG error: http://security.ubuntu.com precise-security Release: The following signatures were invalid: BADSIG 40976EAF437D05B5 Ubuntu Archive Automatic Signing Key <ftpmaster at ubuntu.com>

W: A error occurred during the signature verification. The repository is
not updated and the previous index files will be used. GPG error:
http://extras.ubuntu.com precise Release: The following signatures were
invalid: BADSIG 16126D3A3E5C1192 Ubuntu Extras Archive Automatic Signing
Key <ftpmaster at ubuntu.com>

W: GPG error: http://se.archive.ubuntu.com precise Release: The following signatures were invalid: BADSIG 40976EAF437D05B5 Ubuntu Archive Automatic Signing Key <ftpmaster at ubuntu.com>
W: Failed to fetch http://extras.ubuntu.com/ubuntu/dists/precise/Release  

W: Failed to fetch http://security.ubuntu.com/ubuntu/dists/precise-
security/Release

W: Some index files failed to download. They have been ignored, or old ones used instead.
E: Encountered a section with no Package: header
E: Problem with MergeList /var/lib/apt/lists/se.archive.ubuntu.com_ubuntu_dists_precise_multiverse_binary-i386_Packages
E: The package lists or status file could not be parsed or opened.

** Affects: apt (Ubuntu)
     Importance: Undecided
         Status: New


** Tags: bot-comment
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package manager and apt fails to update
https://bugs.launchpad.net/bugs/1074605
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