EX-5 2 ex-5_23692.txt OPINION OF GOODMAN PHILLIPS & VINEBERG EXHIBIT 5 [LETTERHEAD OF GOODMAN PHILLIPS & VINEBERG] September 26, 2000 E-Z-EM, Inc. 717 Main Street Westbury, NY 11590 Re: Registration Statement on Form S-8 Ladies and Gentlemen: We have acted as counsel for E-Z-EM, Inc., a Delaware corporation (the "Company"), in connection with the Company's Registration Statement on Form S-8 proposed to be filed with the Securities and Exchange Commission on or about September 26, 2000 (the "Registration Statement"). The Registration Statement covers the registration of 800,000 shares of Class B common stock, $.10 par value per share, of the Company (the "Shares"), which are issuable by the Company upon exercise of stock options granted or to be granted pursuant to its 1983 Stock Option Plan, as amended (the "Plan"). We have reviewed the corporate proceedings of the Company with respect to the authorization of the Plan and the proposed issuance of the Shares thereunder. We have also examined and relied upon originals or copies of such corporate records, instruments, agreements or other documents of the Company, and certificates of officers of the Company as to certain factual matters, as we have deemed necessary or appropriate as a basis for the opinions hereinafter expressed. In our examination, we have assumed the genuineness of all signatures, the conformity to the originals of all documents reviewed by us as copies, the authenticity and completeness of all original documents reviewed by us in original or copy form, and the legal competence of each individual executing any document. This opinion is limited solely to the Delaware General Corporation Law, as applied by courts located in Delaware, the applicable provisions of the Delaware Constitution and the reported judicial decisions interpreting those laws. Based upon and subject to the foregoing, we are of the opinion that the Shares, when issued and delivered upon the exercise of options duly granted pursuant to the Plan and against the payment of the exercise price therefor as provided in the Plan, will be validly issued, fully paid, and non-assessable. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. Very truly yours, /s/ GOODMAN PHILLIPS & VINEBERG GOODMAN PHILLIPS & VINEBERG