EX-5.1 2 k09695aexv5w1.htm OPINION OF WINSTON & STRAWN LLP exv5w1
 

Exhibit 5.1
Winston & Strawn LLP
35 West Wacker Drive
Chicago, Illinois 60601
November 3, 2006
Lear Corporation
21557 Telegraph Road
Southfield, Michigan 48034
Re:   Registration Statement on Form S-8 of
Lear Corporation (the “Registration Statement”)
Ladies and Gentlemen:
     We have acted as special counsel for Lear Corporation, a Delaware corporation (the “Company”), in connection with the registration on Form S-8 of the offer and sale of up to an additional 3,000,000 shares (the “Additional Shares”) of the Company’s Common Stock, par value $.01 per share (“Common Stock”), issuable pursuant to the grant of certain restricted stock unit and other awards or upon exercise of certain stock options (collectively, the “Plan Awards”) that may be issued pursuant to the Lear Corporation Long-Term Stock Incentive Plan, as amended (the “Plan”).
     This opinion is delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933, as amended (the “Act”).
     In connection with this opinion, we have examined and are familiar with originals or copies, certified or otherwise identified to our satisfaction, of: (i) the Registration Statement, as filed with the Securities and Exchange Commission (the “Commission”) under the Act; (ii) the Restated Certificate of Incorporation of the Company, as currently in effect; (iii) the Amended and Restated By-Laws of the Company, as currently in effect; (iv) the Plan; (v) resolutions of both the Board of Directors and Compensation Committee of the Board of Directors of the Company relating to, among other things, the reservation of issuance of the Additional Shares, the filing of the Registration Statement and the approval of the Plan; and (vi) the Certificate of the Inspector of Elections regarding the Company’s 2006 Annual Meeting of Stockholders which certifies that the Company’s stockholders approved certain plan amendments, including the addition of the Additional Shares. We have also examined such other documents as we have deemed necessary or appropriate as a basis for the opinion set forth below.
     In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such latter documents. We have also assumed that the Company’s Board of Directors, or a duly authorized committee thereof, will have approved the issuance of each Plan Award prior to the issuance thereof. As to any facts material to

 


 

this opinion which we did not independently establish or verify, we have relied upon oral or written statements and representations of officers and other representatives of the Company and others.
     Based upon and subject to the foregoing, we are of the opinion that all Additional Shares of Common Stock to be issued pursuant to the Plan will be, upon exercise or grant of Plan Awards in accordance with the terms of the Plan and, if applicable, payment of the specified exercise price therefor and/or the expiration of the specified vesting, restricted or performance period, validly issued, fully paid and non-assessable shares of Common Stock.
     The opinions expressed herein are based upon and limited to the Delaware General Corporation law and we express no opinion with respect to the laws of any other state or jurisdiction.
     We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. In giving such consent, we do not concede that we are experts within the meaning of the Act or the rules and regulations thereunder or that this consent is required by Section 7 of the Act.
         
  Very truly yours,
 
 
  /s/ Winston & Strawn LLP