Exhibit 5
BINGHAM DANA LLP
150 FEDERAL ST
BOSTON, MASSACHUSETTS 02110-1726
August 14, 2000
LeCroy Corporation
700 Chestnut Ridge Road
Chestnut Ridge, New York 10977
Ladies and Gentlemen:
We have acted as counsel for LeCroy Corporation, a Delaware corporation
(the "Company"), in connection with the registration under the Securities Act of
1933, as amended, of 100,000 shares of the Company's Common Stock, par value
$.01 per share (the "Shares"), pursuant to a Registration Statement on Form S-3
(the "Registration Statement"), filed with the Securities and Exchange
Commission on August 14, 2000, all of which Shares will be issued pursuant to
the terms of the Agreement and Plan of Merger and Reorganization, dated as of
July 14, 2000 (the "Merger Agreement"), among the Company, LeCroy Merger
Corporation, a Delaware corporation, Lightspeed Electronics, Inc., a New York
corporation, Robert Miller and Mickey Miller (solely for purposes of Sections 8
and 9.2A thereof).
As such counsel, we have reviewed the corporate proceedings of the
Company with respect to the authorization of the issuance of the Shares. 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, and have made such
investigation of law and have discussed with officers and representatives of the
Company such questions of fact, as we have deemed necessary or appropriate to
enable us to express the opinions rendered hereby.
In our examination, we have assumed the genuineness of all signatures,
the conformity to 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 a
document.
We have also assumed that the Shares will be issued and delivered in
accordance with the terms of the Merger Agreement. As to all matters of fact, we
have relied entirely upon the determinations, representations and statements of
the Company; and we have assumed, without independent inquiry, the accuracy of
all such determinations, representations and statements.
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.
<PAGE>
Based upon and subject to the foregoing, we are of the opinion that the
shares are validly issued, fully paid and non-assessable.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to this firm under the heading
"Certain Legal Matters" in the Prospectus included in the Registration
Statement.
Very truly yours,
/s/ BINGHAM DANA LLP
