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Isle of Man Constabulary – Media Notice

by Paul Holland

Further to the previous media release regarding a quad bike stolen from Crosby in the early hours of Monday morning, Police have received a good response as a result of which a further request for information is being made. A male was observed at around 3:20am pushing a quad bike along the Peel Road between the Wagon and Horses and Highlander heading towards Ballacraine. At about 4:15am it has been reported that residents of Christian Avenue in Kirk Michael were awoken by a person on a quad bike in Christian Avenue who was reportedly having difficulty towing a trailer on which was a boat which appeared too big for the trailer and was partly dragging on the road behind the trailer. The quad left Christian Avenue and it is believed that it headed North from there. PC Ian SCOTT states This information is quite specific and unusual it is quite probable that other witnesses may recall something based on it. In relation to the sighting of the quad bike with trailer and boat in Kirk Michael I would ask for anyone who may have seen a trailer or boat turn up somewhere in the past 24hrs or who may know where this has come from to contact us. The boat is described as being a light coloured dinghy type about 8-10ft in length

- Ends -

This information is quite specific and unusual it is quite probable that other witnesses may recall something based on it.

PC Ian Scott,

If you'd like to send any information or news releases to us then please feel free to do so and we would be more than happy to consider sharing your news with the Isle of Man!

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Isle of Man Constabulary - Media Notice

Herbalife Falls After Fund Manager Queries Disclosure

By Chris Burritt - Tue May 01 22:17:50 GMT 2012

Jonathan Fickies/Bloomberg

David Einhorn, president of Greenlight Capital Inc.

David Einhorn, president of Greenlight Capital Inc. Photographer: Jonathan Fickies/Bloomberg

Herbalife Ltd. (HLF), a maker of nutritional supplements, dropped 20 percent after hedge-fund manager David Einhorn asked why it has stopped providing information about distributors in filings.

Herbalife fell $14.02 to $56.30 at the close in New York, its biggest drop since Feb. 25, 2009. The company had gained 36 percent this year before today.

Einhorn, known for short-selling Lehman Brothers Holdings Inc. before the firm collapsed in 2008, has more recently put pressure on companies such as Green Mountain Coffee Roasters Inc. (GMCR), questioning its accounting disclosure in October. Today, he queried Herbalife executives about the companys distributors on a conference call with analysts and investors.

Chief Financial Officer John DeSimone told Einhorn on the call that when he took over as finance chief in January 2010 he decided to stop breaking out information on distributor groups as it isnt valuable information to the business or to the investors. Herbalife can easily provide the exact same breakout going forward, DeSimone told Einhorn.

That sort of follow-up would be helpful, Einhorn said on the call, which followed the companys report on its first-quarter results.

Einhorn, chairman of Greenlight Capital Re Ltd. (GLRE), asked for a breakdown of sales to Herbalifes distributors and to its consumers. He also asked for an explanation of financial incentives given to supervisors who sign up new distributors.

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Herbalife Falls After Fund Manager Queries Disclosure

Greenlight Re Announces First Quarter 2012 Financial Results

GRAND CAYMAN, Cayman Islands, April 30, 2012 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (GLRE - News) today announced financial results for the first quarter of 2012. Greenlight Re reported net income of $65.1 million for the first quarter of 2012 compared to a net loss of $43.0 million for the same period in 2011. The fully diluted net income per share was $1.75 for the first quarter of 2012, compared to a net loss per share of $1.19 for the same period in 2011.

Fully diluted adjusted book value per share was $23.29 as of March 31, 2012, a 15.1% increase from $20.23 per share as of March 31, 2011.

"There are signs that the reinsurance market is slowly improving. However, in an environment which remains quite competitive, we continue to be diligent and cautious as we identify underwriting opportunities that we believe offer attractive risk adjusted returns," stated Bart Hedges, Chief Executive Officer of Greenlight Re. "We are pleased that our investment portfolio performed well during the quarter, as we continue to grow book value per share over the long term while preserving capital."

Other financial and operating highlights for Greenlight Re for the first quarter ended March 31, 2012 include:

"We continue to take a consistent, disciplined approach in executing our underwriting and investment strategies," said David Einhorn, Chairman of the Board of Directors. "As the market turns, Greenlight Re is well-positioned to capture new opportunities given our solid balance sheet, reputation, and customer-focused orientation."

Conference Call Details

Greenlight Re will hold a live conference call to discuss its financial results for the first quarter of 2012 on Tuesday, May 1, 2012 at 9:00 a.m. Eastern time. The conference call title is Greenlight Capital Re, Ltd. First Quarter 2012 Earnings Call.

To participate, please dial in to the conference call at:

U.S. toll free 1-877-317-6789

International 1-412-317-6789

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Greenlight Re Announces First Quarter 2012 Financial Results

Cayman Islands: The Met's Caribbean connection

With a backdrop of tales of corruption and murky collusion in the Caribbean, two former senior British police officers are set to confront each other in a courtroom battle that could shed new light on a Scotland Yard team's controversial investigation in one of the world's largest tax havens.

The former head of the Cayman Islands' police force is suing for wrongful dismissal after he was sacked four years ago during an inquiry into an alleged illegal break-in at a newspaper office. The search was part of a local leak inquiry over claims of improper links between police and press on the British overseas territory. But after Scotland Yard was called to the islands in 2007, the case spiralled into a multimillion-pound inquiry that reached the top ranks of the local judiciary.

The affair resulted in a clearout of the top ranks of the islands' police force, the wrongful arrest of a senior judge who was later awarded more than 1m damages, embarrassment for the Met and professional disgrace for a British lawyer called in to advise the investigation.

The inquiry codenamed Operation Tempura and overseen by former assistant commissioner John Yates, who later quit the Yard over the phone hacking scandal was halted in 2009 without any successful prosecutions and with the Scotland Yard team dispatched from the Caymans.

But the controversy is set to be reignited with a legal battle that could feature documents that the Foreign Office has refused to make public because of fears it could damage the islands' multi-billion-pound offshore finance industry.

The sacked police chief, Stuart Kernohan, is due to appear at a mediation hearing in June in London to try to reach a deal over his claim against the Attorney-General of the islands, as well as the man who led the Scotland Yard probe, former Detective Chief Superintendent Martin Bridger.

If the case is not resolved, it will go to the Grand Court of the Caymans where details of potentially embarrassing private meetings between senior police and British-appointed officials are likely to be aired. "This is typical of this whole case," one of the lawyers closely involved in the case told The Independent. "Someone has made a complete and utter cock-up and unless people start disclosing documents we won't find out who it was."

The saga soured relations between Britain and the Caymans and comes amid new turmoil in the tax haven. The Independent reported last month that a Conservative peer, Lord Blencathra, faces investigation over lobbying work on behalf of the islands. The islands' Premier is at the centre of three police inquiries, including two into financial irregularities, according to reports from the Cayman Islands. William McKeeva Bush denies the claims.

"The continual rumours of investigations... are reminiscent of, and consistent with, the Operation Tempura fiasco and other attempts over the years," he said in a statement reported last week. "It is now obvious to the Premier that there are certain civil servants in the Foreign and Commonwealth Office...who continue to apply the policies of the former UK Labour Government with a view to destabilising the Cayman Islands."

Operation Tempura started in 2007 following claims that a senior police officer was passing confidential information to a newspaper proprietor. Mr Kernohan, with a force of only a few hundred officers, asked for Scotland Yard's help. Martin Bridger, a veteran of anti-corruption investigations, was sent and began a secret inquiry.

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Cayman Islands: The Met's Caribbean connection

Bramnick: Reducing Taxes is the Best Way to Keep People in NJ and Stay Competitive – Video

30-04-2012 12:18 On the eve of New Jersey Tax Freedom Day on May 1, Assembly Republican Leader Jon Bramnick said the state needs to continue its focus on reducing income taxes and controlling the cost of government in order to return the state to prosperity. Bramnick was joined today at a press conference in the State House by Assembly Republican members Donna Simon, Rob Clifton and BettyLou DeCroce.

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Bramnick: Reducing Taxes is the Best Way to Keep People in NJ and Stay Competitive - Video