Judge Revokes Lindsay Lohan's Probation, Sets Bail at $40K

VIDEO: Judge tells Lohan, "Dont push your luck," after releasing her on 40,000 bail.PlayABCNEWS.com
WATCH Judge Scolds Lindsay Lohan in Court

Lindsay Lohan has escaped a fourth stint in jail -- for now.

Today, Los Angeles Superior Court Judge Keith L. Schwartz continued Lohan's felony grand theft hearing to Feb. 23 and set bail at $40,000 -- $20,000 each for the felony charge and for violation of her probation stemming from her 2007 DUI case.

He also urged her to obey the law.

"You need to follow the laws just like everybody else. Look around this room. Everybody needs to follow the law," Schwartz said. "You're no different than anyone else, so please don't push your luck."

Lohan said, "Yes, sir," when Schwartz asked if she understood him.

Clad in a white dress, a sparkly ring and pearl earrings, Lohan stayed silent for most of the hearing. She was accompanied by her lawyer, Shawn Chapman Holley.

At prosecutor Danette Meyers' request, the judge also told Lohan "and her agents" to stay away from the victim of the theft case, the Kamofie & Co. jewelry store, from which Lohan allegedly stole a $2,500 gold necklace adorned with semi-precious stones on Jan. 22.

Lindsay Lohan wearing the necklace she allegedly stole.

Meyers said that the store received flowers after police launched an investigation into Lohan and the staff didn't know what to do.

Lohan replied, "Yes, sir," to the judge's order to stay clear of Kamofie & Co.

The L.A. District Attorney's Office formally charged Lohan with felony grand theft this morning. If convicted, Lohan could go to California state prison for up to three years. The 24-year-old actress already has been to jail three times in the past three years for DUI, drug possession and probation violations.

But California criminal defense attorney Dana Cole thinks it's unlikely Lohan will serve time for the jewelry case.

"No one's cutting her any breaks," he told ABCNews.com. "It all seemed very standard. This is not a major felony case at all, I doubt she will do any jail time on this felony, it could get reduced to a misdeamenor. The question is the probation violation; that will only be dealt with after the necklace caper is resolved in one way or the other."

Lohan reportedly has said that the necklace was loaned to her by Kamofie & Co. and her assistant returned it to police.

After detectives started looking into the case and began preparing a search warrant, a friend of Lohan's brought the necklace to the Pacific Division police station.

It's not the first time the star has been connected to a theft investigation.

In 2009, British police investigated the disappearance of $400,000 worth of Dior jewels from a photo shoot Lohan did with Britain's Elle magazine.

At the time, Elle released a statement exonerating Lohan, saying, "Elle has no reason to believe that Lindsay Lohan was in any way responsible."

In 2008, Lohan was sued by a college student who claimed the actress stole and wore her $12,000 mink coat.

In April 2010, Lohan was questioned by police in connection with a stolen $35,000 Rolex. The person who filed the report withdrew her complaint before police could determine if a crime had been committed.

Lindsay Lohan arriving at court on Feb. 9, 2011.

Today's charges are the latest of many clashes -- legal and otherwise -- that Lohan has racked up over the years:

Last week, Tanning Vegas filed a lawsuit against Lohan claiming that she owes the company more than $41,000 in unpaid tanning fees she racked up between 2007 and 2009. In 2009, the same company accused Lohan of stealing its formula for a spray tanning product she sold under her Sevin Nyne label.

In December, Lohan came under investigation for allegedly assaulting a staffer at the Betty Ford Clinic, where she carried out her most recent round of rehab.

Lohan lost her most high-profile job of late in November. She was slated to star in the biopic of porn star Linda Lovelace, but because of her recent troubles, the film's director switched her out for "Watchmen" actress Malin Akerman.

Lohan butted heads with E-Trade in 2010. She sued the financial services company for $100 million for a talking baby commercial that, according to her, made a mockery of her personality. The two settled in September for an undisclosed amount.

2010 wasn't exactly a banner year for Lohan: In September, she tested positive for drugs and had her second prison stint before beginning rehab at Betty Ford. She also spent part of the summer in a separate rehab program.

The real lowlight of Lohan's year probably was the 14 days she spent in prison. In July, she received a 90 day sentence for violating her 2007 probation.

This was after she missed a May probation hearing because, according to her, someone stole her passport while she was at the Cannes Film Festival. Lohan was spotted partying in France prior to coming back to Los Angeles, where a warrant was issued for her arrest. She escaped jail time but was ordered to attend weekly alcohol education classes and wear an alcohol monitoring bracelet.

It all pales in comparison to Lohan's biggest blunders yet, a set of screw ups that continue to make her life a mess. In 2007, she was arrested for two DUIs, one of which ended with police finding cocaine in her pocket. That year's infractions led to 84 minutes of jail time, multiple stints in rehab and a probation sentence with which Lohan still grapples nearly four years later.

ABC News' Scott Shulman contributed to this report.