EXHIBIT 5.0 - ---------------- PIPER MARBURY RUDNICK & WOLFE LLP - ---------------- 6225 Smith Avenue Baltimore, Maryland 21209-3600 www.piperrudnick.com PHONE (410) 580-3000 FAX (410) 580-3001 September 29, 2000 I.C. Isaacs & Company, Inc. 3840 Bank Street Baltimore, Maryland 21224-2522 Ladies and Gentlemen: We have acted as counsel for I.C. Isaacs & Company, Inc., a Delaware corporation (the "Company"), in connection with the preparation and filing with the Securities and Exchange Commission of a Registration Statement on Form S-8 (the "Registration Statement") registering 600,000 shares of Common Stock, par value $0.0001 per share (the "Shares"), issuable pursuant to the exercise of awards granted under the I.C. Isaacs & Company, Inc. Amended and Restated 1997 Omnibus Stock Plan (the "Plan"). We have examined copies of the Company's Amended and Restated Certificate of Incorporation and Amended and Restated By-Laws, the Plan, all resolutions adopted by the Company's Board of Directors relating to the above and other records and documents that we have deemed necessary for the purpose of this opinion. We have also examined such other documents, papers, statutes and authorities as we have deemed necessary to form a basis for this opinion. In our examination, we have assumed the genuineness of all signatures and the conformity to original documents of all copies submitted to us. As to various questions of fact material to this opinion, we have relied on statements and certificates of officers and representatives of the Company and others. Based upon the foregoing, we are of the opinion that the Shares issuable under the Plan have been duly authorized and will be (when issued, sold and delivered as authorized) validly issued, fully paid and non-assessable. The opinion set forth herein is limited to matters governed by the laws of the State of Delaware and the Federal Laws of the United States of America, and we express no opinion as to any other laws. We hereby consent to the filing of this opinion as Exhibit 5.0 to the Registration Statement. Very truly yours, /s/ PIPER MARBURY RUDNICK & WOLFE LLP