{"id":43837,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/opinion-letter-outside-counsel-s-1-registered-securities.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"opinion-letter-outside-counsel-s-1-registered-securities","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/securities\/opinion-letter-outside-counsel-s-1-registered-securities.html","title":{"rendered":"Opinion Letter &#8211; Outside Counsel &#8211; S-1 Registered Securities &#8211; Transgenomic Inc."},"content":{"rendered":"<p>March 20, 2012<\/p>\n<\/p>\n<p>Transgenomic, Inc.<\/p>\n<\/p>\n<p>12325 Emmet Street<\/p>\n<\/p>\n<p>Omaha, NE 68134<\/p>\n<\/p>\n<\/p>\n<p>Dear Ladies and Gentlemen:<\/p>\n<\/p>\n<p>We are legal counsel to Transgenomic, Inc., a Delaware corporation (the<br \/>\n&#8220;<u>Company<\/u>&#8220;), and have represented the Company in connection with the<br \/>\npreparation and filing of that certain Registration Statement on Form S-1 (the<br \/>\n&#8220;<u>Registration Statement<\/u>&#8220;) to be filed with the Securities and Exchange<br \/>\nCommission (the &#8220;<u>Commission<\/u>&#8220;) on the date hereof, for the purpose of<br \/>\nregistering under the Securities Act of 1933, as amended (the &#8220;<u>Securities<br \/>\nAct<\/u>&#8220;), 33,000,000 shares of the Company&#8217;s common stock, par value $.01 per<br \/>\nshare (the &#8220;<u>Shares<\/u>&#8220;), which have been issued to the selling shareholders<br \/>\nnamed in the Registration Statement.<\/p>\n<\/p>\n<p>In connection with the foregoing, we have examined such documents, corporate<br \/>\nrecords and matters of law as we have deemed necessary or appropriate in<br \/>\nconnection with this opinion.<\/p>\n<\/p>\n<p>In our examination, we have assumed the legal capacity of all natural<br \/>\npersons, the genuineness of all signatures, the authenticity of all documents<br \/>\nsubmitted to us as originals, the conformity to original documents of all<br \/>\ndocuments submitted to us as certified, conformed, photostatic or facsimile<br \/>\ncopies and the authenticity of the originals of such latter documents. In making<br \/>\nour examination of executed documents, we have assumed that the parties thereto,<br \/>\nother than the Company, its directors and officers, had the power, corporate or<br \/>\notherwise, to enter into and perform all obligations thereunder and have also<br \/>\nassumed the due authorization by all requisite action, corporate or otherwise,<br \/>\nand execution and delivery by such parties of such documents and the validity<br \/>\nand binding effect thereof on such parties. As to any facts material to the<br \/>\nopinions expressed herein that were not independently established or verified,<br \/>\nwe have relied upon oral or written statements and representations of officers<br \/>\nand other representatives of the Company and others. The opinion expressed below<br \/>\nis limited to matters governed by Federal securities laws and by the General<br \/>\nCorporation Law of the State of Delaware, and we express no opinion as to the<br \/>\neffect of the laws of any other jurisdictions. This opinion is limited to the<br \/>\nlaws, including the rules and regulations, as in effect on the date hereof.<\/p>\n<\/p>\n<p>Based upon and subject to the foregoing and to the other qualifications and<br \/>\nlimitations set forth herein, we are of the opinion that the Shares have been<br \/>\nduly authorized and are duly and validly issued, fully paid and non-assessable.\n<\/p>\n<\/p>\n<p>We hereby consent to the filing of this opinion with the Commission as an<br \/>\nexhibit to the Registration Statement. We also hereby consent to the use of our<br \/>\nname under the heading &#8220;Legal Matters&#8221; in the prospectus which forms a part of<br \/>\nthe Registration Statement. In giving this consent, we do not thereby admit that<br \/>\nwe are within the category of persons whose consent is required under Section 7<br \/>\nof the Securities Act or the rules and regulations of the Commission promulgated<br \/>\nthereunder. We disclaim any undertaking to advise you of any subsequent changes<br \/>\nin the facts stated or assumed herein or of any subsequent changes in applicable<br \/>\nlaws.<\/p>\n<\/p>\n<p>Sincerely,<\/p>\n<\/p>\n<\/p>\n<\/p>\n<p>\/s\/ HUSCH BLACKWELL SANDERS LLP<\/p>\n<\/p>\n<\/p>\n<\/p>\n<\/p>\n<p align=\"center\"><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9096],"corporate_contracts_industries":[9514],"corporate_contracts_types":[9629],"class_list":["post-43837","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-transgenomic-inc","corporate_contracts_industries-technology__test","corporate_contracts_types-securities"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/43837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=43837"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=43837"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=43837"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=43837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}