Lindsay Lohan Pleads Not Guilty to Felony Theft of $2,500 Necklace

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Lindsay Lohan has pleaded "not guilty" to a felony grand-theft charge that she stole a $2,500 necklace from a Venice jewelry store.

After entering her plea Wednesday at the Airport Courthouse in L.A., Superior Court Judge Keith L. Schwartz warned her, "You're in a different situation now that a felony has been filed against you. If you violate the law, I will remand you and set no bail and your attorney won't be successful this time. ... You need to follow the laws just like everybody else. ... You're no different than anyone else, so please don't push your luck."
 
If convicted, the actress, 24, could face up to three years in prison. 
 
Her bail has been set at $20,000.   
 
Lohan's attorney, Shawn Chapman Holley, has denied the necklace was stolen.
 
The actress, 24, will return to court on Feb. 23.
 
Lohan is currently on probation for a 2007 drunken driving case.
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