Update 3:13 p.m. PST
Lindsay Lohan has posted her $40,000 bail and will be heading home soon.
In her latest run-in with the law, Lindsay Lohan plead "not guilty" on a charge of felony grand theft.
Lohan will back in court on Feb. 23. to face the charge, from a $2,500 necklace that she allegedly took from a Venice, Calif. boutique on Jan. 22, which carries a sentence of one year in state prison.
Judge Keith Schwartz set bail in the felony grand theft charge at $20,000 and revoked Lohan's probation for her 2007 DUI, with a bail for that set at $20,000. The judge also told Lohan to keep out of trouble and that "if you violate the law, I will remand you and there will be no bail."
Additionally, the actress was ordered to...