Attached files
file | filename |
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8-K - FORM 8-K - Jefferies Group LLC | v59250e8vk.htm |
EX-4.2 - EX-4.2 - Jefferies Group LLC | v59250exv4w2.htm |
EX-4.1 - EX-4.1 - Jefferies Group LLC | v59250exv4w1.htm |
EX-10.1 - EX-10.1 - Jefferies Group LLC | v59250exv10w1.htm |
Exhibit 5.1
[Letterhead of Morgan, Lewis & Bockius LLP]
April 13, 2011
Jefferies Group, Inc.
520 Madison Avenue
New York, NY 10022
520 Madison Avenue
New York, NY 10022
Re: | Jefferies Group, Inc., Registration Statement on Form S-3 (Registration Statement No. 333-160214) |
Ladies and Gentlemen:
We have acted as counsel to Jefferies Group, Inc., a Delaware corporation (the Company), in
connection with (i) the issuance and sale by the Company of $800,000,000 aggregate principal amount
of its 5.125% Senior Notes due 2018 (the Notes) pursuant to the Purchase Agreement, dated April
8, 2011 (the Purchase Agreement) by and among the Company and Jefferies & Company, Inc. and each
of the other underwriters listed on Schedule A to the Purchase Agreement, (ii) the filing by the
Company of the above-referenced Registration Statement and Post-Effective Amendment No. 1 thereto
(together, the Registration Statement) under the Securities Act of 1933, as amended (the Act),
with the U.S. Securities and Exchange Commission (the SEC), pursuant to which the Notes are
registered under the Act, (iii) the filing by the Company of the Preliminary Prospectus Supplement,
dated April 8, 2011 (the Preliminary Prospectus Supplement), and the Final Prospectus Supplement,
dated April 8, 2011 (the Final Prospectus Supplement), relating to the Notes with the SEC
pursuant to Rule 424(b) promulgated under the Act and (iv) the filing by the Company of the Final
Term Sheet, dated April 8, 2011 (the Term Sheet), relating to the Notes with the SEC as a free
writing prospectus. The Purchase Agreement will be filed as Exhibit 10.1 to the Companys Current
Report on Form 8-K on or about the date hereof.
In connection with this opinion letter, we have examined the Registration Statement, the
Preliminary Prospectus Supplement, the Final Prospectus Supplement and the Term Sheet. We have also
examined and relied upon the Indenture, dated as of March 12, 2002, as amended by the First
Supplemental Indenture, dated as of July 15, 2003 (as so supplemented, the Indenture), between
The Bank of New York Mellon, as Trustee (the Trustee), and the Company, the form of the Notes,
certificates or statements of public officials, certificates of officers of the Company and copies
of such other documents, resolutions, corporate records and other instruments as we have deemed
relevant and necessary as a basis for the opinions hereinafter expressed.
We have assumed, without any independent investigation or verification of any kind, the
genuineness of all signatures, the legal capacity of all natural persons, the authenticity of the
documents submitted to us as originals, the conformity with the originals of all documents
submitted to us as certified, facsimile or photostatic copies and the authenticity of the originals
of all documents submitted to us as copies.
We have assumed, without any independent investigation or verification of any kind, the due
authorization, execution and delivery by the Trustee of the Indenture, the due authentication by
the Trustee of the Notes, as well as the legal right and power under all applicable laws and
regulations of the Trustee to execute, deliver and perform its obligations under, and the validity,
binding effect and enforceability against the Trustee in accordance with the terms of, the
Indenture.
Based upon the foregoing, we are of the opinion that, when issued in accordance with the
Indenture, and delivered and paid for in accordance with the Purchase Agreement, the Notes will
constitute legal, valid and binding obligations of the Company and will be entitled to the benefits
provided by the Indenture.
We render the foregoing opinion as members of the Bar of the State of New York and express no
opinion as to laws other than the laws of the State of New York, the General Corporation Law of the
State of Delaware and the federal laws of the United States of America.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to the use of our name under the caption Legal Matters. In giving this consent, we do not
admit that we are acting within the category of persons whose consent is required under Section 7
of the Act.
Very truly yours, |
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/s/ Morgan, Lewis & Bockius LLP | ||||