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OTRC: Lindsay Lohan free on bail after being sentenced to 120 days in jail

Lindsay Lohan was bailed out of jail on Friday, April 22, hours after a judge sentenced her to 120 days behind bars for violating her 2007 probation.

The order was handed down during a hearing over the alleged theft of a necklace priced at $2,500. The 24-year-old actress is accused of stealing the jewelry piece from Kamofie and Co., a store located in the Venice area of Los Angeles on Jan. 22, three weeks after she was released from court-ordered rehab.

Lohan says she is innocent despite being photographed wearing the necklace days after the alleged theft. She pleaded not guilty on Friday to misdemeanor theft, a charge that was reduced from a felony earlier in the day.

The new charge still carries the treat of jail time. Lohan was ordered to appear at a pretrial hearing on May 11. A trial has been tentatively set for June 3.

After the ruling, Lohan was taken into custody and placed in jail. The judge set her bond at $75,000. Lohan's attorney, Shawn Holley, later filed an appeal. The judge said the actress may go free on bail while her appeal is reviewed but would have to begin her community service immediately. Bail was posted on the actress' behalf and Lohan was freed from jail at 9:21 p.m. local time, records show.

Lohan is currently on probation stemming from a 2007 drunk driving and cocaine possession case and has served time behind bars before. The judge felt evidence presented during Friday's hearing suggested the actress intended to steal the necklace and ruled that Lohan violation her probation.

In addition to the 120-day jail sentence, Lohan was also ordered to serve 480 hours of community service in a morgue and women's shelter.

Lohan's past three stints behind bars have each lasted 84 minutes, 14 days and 15 hours - the last of which occurred in September 2010 after she failed a drug test and wrote about it on her Twitter page.

Meanwhile, Lohan has been trying to advance her acting career. On Thursday, it was announced that she has been cast as Kim Gotti in the new film "Gotti: Three Generations," which stars John Travolta as mob boss John Gotti, Sr., her character's father-in-law.

The actress was previously in talks to portray the late mob boss' daughter Victoria.

Fiore Films, an independent production company, said in a statement obtained by OnTheRedCarpet.com that Lohan had agreed to a two-picture deal with the firm - "Gotti: Three Generations" and "Mob Street."

"I am just grateful for the life i have," Lohan said on her Twitter page early on Friday. "I cannot explain how excited i am to begin working on films again, on top of that- i better get one of my two favorite scripts that i am in love with. my friends know what they both are..... all my love- LL god bless and g'night :)"

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