EX-5.1 4 a75217orex5-1.txt EXHIBIT 5.1 1 EXHIBIT 5.1 Paul, Hastings, Janofsky & Walker LLP A Limited Liability Partnership including Professional Corporations Seventeenth Floor 695 Town Center Drive Costa Mesa, California 92626-1924 (714) 668-6200 August 14, 2001 autobytel.com inc. 18872 MacArthur Boulevard Irvine, California 92612-1400 Re: autobytel.com inc. 2001 Restricted Stock Plan Autoweb 1997 Stock Option Plan Autoweb 1999 Equity Incentive Plan, as amended Autoweb 1999 Directors Stock Option Plan (collectively, the "Plans") Registration Statement Form S-8 Ladies and Gentlemen: We are furnishing this opinion in connection with the preparation and filing with the Securities and Exchange Commission of a Registration Statement on Form S-8 (the "Registration Statement") registering 2,810,127 shares of common stock, par value $0.001 per share (the "Common Stock"), of autobytel.com inc. (the "Company") for issuance under the Plans. We have examined such records and documents and made such examination of law as we have deemed relevant in connection with this opinion. Based on the foregoing, we are of the opinion that the 2,810,127 shares covered by such Registration Statement, when issued in accordance with the terms of the Plans, will be validly issued, fully-paid and nonassessable. We hereby consent to the filing of this opinion as an exhibit to the above-referenced Registration Statement. Respectfully submitted, /s/ Paul, Hastings, Janofsky & Walker LLP