PVS-Studio warning V522 for OpenDDS

static ACE_FILE_IO *audio_to_text (ACE_FILE_Addr &,
                                   ACE_FILE_Addr &dest)
{
  ACE_FILE_Connector connector;
  ACE_FILE_IO *file = 0;
  if (connector.connect (*file, dest) == -1)
  ....
}

This suspicious code was found in OpenDDS project by PVS-Studio static code analyzer.
Warning message is:
V522 Dereferencing of the null pointer 'file' might take place. util.h 24

PVS-Studio is a static analyzer for detecting bugs in the source code of applications written in C, C++, C++11, C++/CX. Site: http://www.viva64.com/en/pvs-studio/