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Terms and Conditions
Welcome to a website of Legg Mason Capital Management located in
Baltimore, Maryland. Legg Mason Capital Management ("LMCM") is comprised
of (i) Legg Mason Capital Management, Inc. ("LMCI"), a Maryland corporation
registered as an investment adviser with the U.S. Securities and Exchange
Commission ("SEC") pursuant to the Investment Advisers Act of 1940
("Advisers Act"); (ii) Legg Mason Funds Management, Inc. ("LMFM"), a
Maryland corporation registered as an investment adviser with the SEC
pursuant to the Advisers Act; and (iii) LMM LLC ("LMM"), a Delaware limited
liability company registered as an investment adviser with the SEC pursuant
to the Advisers Act. LMCI and LMFM are wholly owned subsidiaries of Legg
Mason, Inc., a NYSE-listed, diversified financial services holding company
based in Baltimore, Maryland. LMM is a joint venture between Legg Mason,
Inc. and an employee. Persons who access the material available on this
website agree to the following:
* Regulatory Restrictions. The information provided on this website
is not intended for distribution to, or use by, any person or entity in any
jurisdiction or country where such distribution or use would be contrary to
law or regulation, or that would subject LMCM or its affiliates to any
registration requirement within such jurisdiction or country. LMCM does not
claim that information on this website is appropriate or available for use
outside of the United States. If you choose to access this website, you are
responsible for compliance with any local laws.
* Informational Purposes Only. This website is for informational
purposes only and is not intended to be a solicitation, offering or
recommendation by LMCM or its affiliates of any product, transaction or
service, including securities transactions and investment management or
advisory services. The opinions expressed in this website should not be
considered investment, tax, legal or other advice and should not be relied
on in making any investment or other decision. LMCM does not represent that
the securities, products or services discussed in this website are suitable
or appropriate for any particular investor. Although the information and
data provided to you on this website is obtained or compiled from sources
believed to be reliable, LMCM cannot and does not guarantee the accuracy,
validity, timeliness or completeness of any information, data or opinions
made available to you for any particular purpose. In addition, LMCM
expressly disclaims any duty to update the information or opinions appearing
on this website.
* Limitation of Liability. The information, data and opinions on
this website are provided "as is" and are provided without any warranty of
any kind, either express or implied. LMCM does not warrant the accuracy of
the information provided for any particular purpose and expressly disclaims
any warranties of merchantability or fitness for a particular purpose. LMCM
WILL NOT BE LIABLE FOR ANY DIRECT, SPECIAL, INDIRECT OR CONSEQUENTIAL
DAMAGES, EVEN IF EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES,
ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS WEBSITE.
* Third-Party Content. LMCM is in no way responsible for the content
of any website operated by a third-party that may be linked to this website
via hyperlink, whether such link is provided by LMCM or by a third-party.
LMCM does not develop or guarantee, and undertakes no effort to verify, the
accuracy, timeliness or completeness of the content of any website to which
LMCM may link, including any information about LMCM or its affiliates
appearing on any other site. By providing access to other websites, LMCM is
not recommending the purchase of any product or service provided by the
sponsors of such websites. LMCM likewise is not responsible for content that
appears on this website that may be provided by a third-party, such as
market data and peer performance information.
* Privacy. The security or privacy of your e-mail communications is
not guaranteed. You should not send via e-mail any sensitive or confidential
information. LMCM takes the matter of your privacy very seriously. As a
visitor to its website, LMCM may collect information about you if you
voluntarily choose to send us an e-mail, request information or ask to be
contacted. LMCM may use this information to provide you with updated
information about the products and services it offers. However, LMCM will
never share your personal information with any unaffiliated party, unless
required to do so by law. Certain employees of LMCM and its affiliates may
be given the information you provide to respond to your requests. Employees
of LMCM and its affiliates are instructed to handle this information
confidentially. Other sites this website links to may have their own privacy
policies and they may differ from LMCM's policies. LMCM is not responsible
for the privacy practices employed by other websites.
* Copyrights and Restrictions on Use of Materials. This website is
protected by applicable copyright law. If you download or print any
information from this website, you agree that you will not remove or obscure
any copyright or other notices or legends contained in any such information.
You may not reproduce, transmit (by electronic means or otherwise), modify,
link into or use for any public or commercial purpose any part of the LMCM
website without the express prior written permission of LMCM.
* Modification of Terms and Conditions of Use. LMCM reserves the
right to change, modify, add or remove portions of the Terms and Conditions
of Use at any time. Accordingly, it is suggested that you review these terms
periodically for changes. Use of this website constitutes your acceptance of
any changed terms.
The information contained herein has been prepared from sources believed
reliable but is not guaranteed by us as to its timeliness or accuracy, and
is not a complete summary or statement of all available data. This data is
for informational purposes only, and may not be publicly disclosed or
distributed without our prior written consent.
The views expressed in this commentary reflect those of LMCM as of the date
of this commentary. These views are subject to change at any time based on
market or other conditions, and LMCM disclaims any responsibility to update
such views. These views may not be relied upon as investment advice and,
because investment decisions for clients of LMCM are based on numerous
factors, may not be relied upon as an indication of trading intent on behalf
of the firm. The information provided in this commentary should not be
considered a recommendation by LMCM or any of its affiliates to purchase or
sell any security.
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