Attached files
Exhibit 5.1
Weil, Gotshal & Manges llp
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AUSTIN | |
767 FIFTH AVENUE NEW YORK, NY 10153-0119
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BEIJING | |
(212) 310-8000
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BOSTON | |
FAX: (212) 310-8007
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BUDAPEST | |
DALLAS | ||
DUBAI | ||
FRANKFURT | ||
HONG KONG | ||
HOUSTON | ||
LONDON | ||
MIAMI | ||
MUNICH | ||
PARIS | ||
November 17, 2009
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PRAGUE | |
PROVIDENCE | ||
SHANGHAI | ||
SILICON VALLEY | ||
WARSAW | ||
WASHINGTON, D.C. |
Archipelago Learning, Inc.
3400 Carlisle Street, Suite 345
Dallas, TX 75204
3400 Carlisle Street, Suite 345
Dallas, TX 75204
Ladies and Gentlemen:
We have acted as counsel to Archipelago Learning, Inc., a Delaware corporation (the
Company), in connection with the preparation and filing with the Securities and Exchange
Commission of the Companys Registration Statement on Form S-1, File No. 333-161717 (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 up to 3,125,000 shares of
common stock, par value $0.001 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 or a
re-allocation of the Shares (as defined below) between the Company Shares and the Selling
Stockholder Shares (as defined below), the Company Shares) and (ii) the sale by the parties
listed as selling stockholders (the Selling Stockholders) in the Registration Statement of an
aggregate of up to 4,062,500 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 or a
re-allocation of the Shares (as defined below) between the Company Shares and the Selling
Stockholder Shares (as defined below), 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 Registration Statement; (iv) the prospectus contained within the
Registration Statement; (v) the form of the Underwriting Agreement; (vi) the form of Common Stock
Certificate of the Company and (vii) 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 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.
The opinion expressed herein is limited to the corporate laws of the State of Delaware
(including the statutory provisions, all applicable provisions of the Delaware Constitution and
reported judicial decisions interpreting the foregoing) and we express no opinion as to the effect
on the matters covered by this letter of the laws of any other jurisdiction.
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