Attached files

file filename
S-1/A - S-1/A - STR HOLDINGS, INC.a2194944zs-1a.htm
EX-1.1 - EXHIBIT 1.1 - STR HOLDINGS, INC.a2194944zex-1_1.htm
EX-3.1 - EXHIBIT 3.1 - STR HOLDINGS, INC.a2194944zex-3_1.htm
EX-4.2 - EXHIBIT 4.2 - STR HOLDINGS, INC.a2194944zex-4_2.htm
EX-3.2 - EXHIBIT 3.2 - STR HOLDINGS, INC.a2194944zex-3_2.htm
EX-23.2 - EXHIBIT 23.2 - STR HOLDINGS, INC.a2194738zex-23_2.htm
EX-10.30 - EXHIBIT 10.30 - STR HOLDINGS, INC.a2194944zex-10_30.htm
EX-23.1 - EXHIBIT 23.1 - STR HOLDINGS, INC.a2194738zex-23_1.htm

Exhibit 5.1

 

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, New York 10153

 

October 22, 2009

 

STR Holdings, Inc.

10 Water Street

Enfield, Connecticut 06082

 

Ladies and Gentlemen:

 

We have acted as counsel to STR Holdings, Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission of the Company’s Registration Statement on Form S-1, File No. 333-162376 (as amended, and including any subsequent registration statement on Form S-1 filed pursuant to Rule 462(b), the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”), relating to the registration of (i) the offer, issuance and sale by the Company of 2,300,000 shares of common stock, par value $0.01 per share (the “Common Stock”), of the Company (together with any additional shares that may be sold by the Company pursuant to Rule 462(b) under the Act (the “Company Shares”) and (ii) the sale by the parties listed as selling stockholder (the “Selling Stockholders”) in the Registration Statement of an aggregate of 10,000,000 shares of Common Stock (together with any additional shares of Common Stock that may be sold by the Selling Stockholders pursuant to Rule 462(b) under the Act, the “Selling Stockholder Shares”, and collectively with the Company Shares, the “Shares”). The Shares are to be sold by the Company and the Selling Stockholders pursuant to an underwriting agreement among the Company, the Selling Stockholders and the Underwriters named therein (the “Underwriting Agreement”), the form of which has been filed as Exhibit 1.1 to the Registration Statement.

 

In so acting, we have examined originals or copies (certified or otherwise identified to our satisfaction) of (i) the form of the Certificate of Incorporation of the Company to be filed with the Secretary of State of the State of Delaware prior to the consummation of the initial public offering contemplated by the Registration Statement, filed as Exhibit 3.1 to the Registration Statement; (ii) the form of the Bylaws of the Company to be effective prior to the consummation of the initial public offering contemplated by the Registration Statement, filed as Exhibit 3.2 to the Registration Statement (iii) the form of Certificate of Conversion of STR Holdings (New) LLC to STR Holdings, Inc. to be filed with the Secretary of State of the State of Delaware prior to the consummation of the initial public offering contemplated by the Registration Statement; (iv) the Registration Statement; (v) the prospectus contained within the Registration Statement; (vi) the form of the Underwriting Agreement; (vii) the form of Common Stock Certificate of the Company and (viii) such corporate records, agreements, documents and other instruments, and such certificates or comparable documents of public officials and of officers and representatives of the Company, and have made such

 



 

inquiries of such officers and representatives, as we have deemed relevant and necessary as a basis for the opinion hereinafter set forth.

 

In such examination, we have assumed the Certificate of Incorporation that will be filed with the Secretary of State of the State of Delaware will be substantially identical to the form of the Certificate of Incorporation of the Company reviewed by us, the Certification of Conversion that will be filed with the Secretary of State of the State of Delaware will be filed and be substantially identical to the form of the Certificate of Conversion reviewed by us, the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed or photostatic copies, and the authenticity of the originals of such latter documents. As to all questions of fact material to this opinion that have not been independently established, we have relied upon certificates or comparable documents of officers and representatives of the Company.

 

Based on the foregoing, and subject to the qualifications stated herein, we are of the opinion that (i) the Company Shares, when issued and sold as contemplated in the Registration Statement, and upon payment and delivery in accordance with the Underwriting Agreement, will be validly issued, fully paid and non-assessable and (ii) the Selling Stockholder Shares, when sold as contemplated in the Registration Statement, and upon payment and delivery in accordance with the Underwriting Agreement, will be validly issued, fully paid and non-assessable.

 

We hereby consent to the filing of this letter as an exhibit to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the prospectus which is a part of the Registration Statement. This opinion and consent may be incorporated by reference in a subsequent registration statement on Form S-1 filed pursuant to Rule 462(b) under the Act with respect to the Shares.

 

 

Very truly yours,

 

 

 

/s/ Weil, Gotshal & Manges LLP