Are Legacy bass guitars any good?

I have found a legacy bass guitar on eBay for about �150, it is a thunderbird shape and comes with what the seller described as a Premium hard case. I have not heard of these instruments much at all and do to the price of the thing and the fact that it comes with a Premium hard case i feel that they make awful basses. Please tell me if i am wrong and give me suggestions for a bass to get. I'm strongly thinking of getting a Ibanez or maybe a OLP. Thanks alot.