Attached files
file | filename |
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8-K - FORM 8-K - PFSWEB INC | d73280e8vk.htm |
EX-99.2 - EX-99.2 - PFSWEB INC | d73280exv99w2.htm |
EX-4.1 - EX-4.1 - PFSWEB INC | d73280exv4w1.htm |
EX-99.1 - EX-99.1 - PFSWEB INC | d73280exv99w1.htm |
EX-1.1 - EX-1.1 - PFSWEB INC | d73280exv1w1.htm |
EXHIBIT 5.1
WOLFF & SAMSON PC
One Boland Drive
West Orange, New Jersey 07052
(973) 325-1500
www.wolffsamson.com
One Boland Drive
West Orange, New Jersey 07052
(973) 325-1500
www.wolffsamson.com
May 25, 2010
PFSweb, Inc.
500 North Central Expressway
Plano, TX 75074
500 North Central Expressway
Plano, TX 75074
Ladies and Gentlemen:
We have acted as counsel to PFSweb, Inc., a Delaware corporation (the Company), in connection
with the issuance and sale by the Company of up to 2,300,000 shares of common stock, par value $0.001 per
share (the Shares) pursuant to the prospectus supplement dated May 25, 2010 (the Prospectus
Supplement) supplementing the prospectus dated February 18, 2010 (the Base Prospectus) that
forms part of the Companys Registration Statement on Form S-3 (File No. 333-164971) (the
Registration Statement) filed by the Company with the Securities and Exchange Commission under
the Securities Act of 1933, as amended (the Securities Act). The Shares are to be sold pursuant
to the Underwriting Agreement dated May 24, 2010 (the Underwriting Agreement) between the Company
and Craig-Hallum Capital Group LLC, as Representative of the underwriters identified in Schedule I
annexed thereto.
In our capacity as your counsel in connection with such registration, we are familiar with the
proceedings taken by the Company in connection with the authorization and issuance of the Shares.
In addition, we have made such legal and factual examinations and inquiries, including an
examination of originals or copies, certified or otherwise identified to our satisfaction, of such
documents, corporate records, certificates of public officials and other instruments as we have
deemed necessary or advisable in connection with this opinion, including (a) the Amended and
Restated Certificate of Incorporation and Amended and Restated Bylaws of the Company, each as
amended, (b) the Base Prospectus and the Prospectus Supplement, (c) the Registration Statement, (d)
the executed Underwriting Agreement and (e) certain resolutions of the Board of Directors of the
Company. In our examination, we have assumed the genuineness of all signatures, the legal capacity
of 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 or photostatic copies, the
authenticity of the originals of such copies and the authenticity of telephonic confirmations of
public officials and others. As to facts material to our opinion, we have relied upon certificates
or telephonic confirmations of public officials and certificates, documents, statements and other
information of the Company or representatives or officers thereof.
The opinions expressed below are limited to the Delaware General Corporation Law (which includes
applicable provisions of the Delaware Constitution and reported judicial decisions interpreting the
Delaware General Corporation Law and the Delaware Constitution).
Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the
date hereof:
1. The Shares have been duly authorized for issuance by the Company.
2. The Shares, when issued and delivered by the Company in exchange for payment of the
consideration therefor in accordance with the terms of the Underwriting Agreement, will be validly
issued, fully paid and non-assessable.
We consent to the use of this opinion as an exhibit to the Registration Statement and further
consent to all references to us in the Registration Statement, Base Prospectus and the Prospectus
Supplement constituting a part thereof and any amendments thereto. In giving this consent, we do
not thereby submit that we are in the category of persons whose consent is required under Section 7
of the Securities Act of 1933, as amended.
Very truly yours, |
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/s/ Wolff & Samson PC | ||||