EX-5.1 3 d86215a3ex5-1.txt OPINION/CONSENT OF BROBECK, PHLEGER & HARRISON LLP 1 EXHIBIT 5.1 August 7, 2001 [BROBECK, PHLEGER & HARRISON LLP LETTERHEAD] i2 Technologies, Inc. One i2 Place 11701 Luna Road Dallas, Texas 75234 Re: i2 Technologies, Inc. Registration Statement on Form S-3 (Reg. 333-59106) Ladies and Gentlemen: We have acted as counsel to i2 Technologies, Inc., a Delaware corporation (the "Company"), in connection with the registration under the Securities Act of 1933, as amended (the "Act"), of the sale by a stockholder of the Company of (i) up to 800,000 shares (collectively, the "Merger Shares") of the Company's common stock, par value $0.00025 per share ("Common Stock"), and (ii) up to an aggregate of 1,200,000 shares of Common Stock issuable either (A) pursuant to a Convertible Promissory Note to be made by the Company (the "Note") and/or (B) to reimburse the selling stockholder for certain compensation expense tax benefits the Company may receive in connection with the mergers described below (the shares of Common Stock issuable under the Note being referred to as the "Note Shares" and the shares of Common Stock issuable as consideration for the tax benefits being referred to as the "Tax Benefit Shares"), all of which have been or may be issued in connection with the transactions contemplated by the Amended and Restated Agreement and Plan of Reorganization (the "Reorganization Agreement") by and among the Company, Cowrie One Merger Corp., a California corporation and wholly owned subsidiary of the Company, Cowrie Two Merger Corp., a California corporation and wholly owned subsidiary of the Company, ec-Content Holdings, LLC, a Delaware limited liability company, Trade Services Holdings, LLC, a Delaware limited liability company, ec-Content, Inc., a California corporation, and Trade Service Corporation, a California corporation, pursuant to the Company's Registration Statement on Form S-3 (the "Registration Statement") filed with the Securities and Exchange Commission under the Act. This opinion is being furnished in accordance with the requirements of Item 16 of Form S-3 and Item 601(b)(5)(i) of Regulation S-K. We have reviewed the Company's charter documents and the corporate proceedings taken by the Company in connection with the Reorganization Agreement and the issuance of the Merger Shares, the Note, the Note Shares and the Tax Benefit Shares. Based on such review, we are of the opinion that (i) the Merger Shares are duly authorized, validly issued, fully paid and nonassessable, (ii) upon conversion of the Note pursuant to its terms, the Note Shares will be duly authorized, validly issued, fully paid and nonassessable and (iii) when and if issued 2 i2 Technologies, Inc. August 7, 2001 Page 2 pursuant to the Reorganization Agreement, the Tax Benefit Shares will be duly authorized, validly issued, fully paid and nonassessable. We consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement and to the reference to this firm under the caption "Legal Matters" in the prospectus which is part of the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act, the rules and regulations of the Securities and Exchange Commission promulgated thereunder or Item 509 of Regulation S-K. This opinion letter is rendered as of the date first written above and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company, the Reorganization Agreement, the Merger Shares, the Note, the Note Shares or the Tax Benefit Shares. Very truly yours, /s/ Brobeck, Phleger & Harrison LLP BROBECK, PHLEGER & HARRISON LLP