EX-5 4 exhibit5.txt OPINION RE: LEGALITY EXHIBIT 5 CARTER LEDYARD & MILBURN LLP COUNSELORS AT LAW 2 WALL STREET NEW YORK, N.Y. 10005-2072 ----------- (212) 732-3200 FAX: (212) 732-3232 April 16, 2003 Pall Corporation 2200 Northern Boulevard East Hills, New York 11548 Re: Pall Corporation Registration Statement on Form S-3 ---------------------------------- Ladies and Gentlemen: We have acted as counsel for Pall Corporation, a New York corporation (the "Company"), in connection with the registration under the Securities Act of 1933, as amended (the "Act"), by a registration statement on Form S-3 (the "Registration Statement"), of the offering and sale from time to time of up to 210,000 shares (the "Shares") of the Company's common stock, par value $.10 per share, by the trustee under the Pall Corporation Cash Balance Pension Plan and the Pall Trinity Micro Pension Plan for Hourly-Rated Factory Employees. We have examined originals or copies certified or otherwise identified to our satisfaction of such corporate records, certificates and other documents and such questions of law as we have considered necessary or appropriate for the purposes of this opinion. Upon the basis of such examination, we are of the opinion that the Shares have been legally issued and are 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 of us under the heading "Legal Matters" in the prospectus contained therein. Very truly yours, /s/Carter Ledyard & Milburn LLP SVB/lrh