VIDEO : Man Arrested For Stealing Oscar Released

Los Angeles - A judge on Wednesday agreed to release without bail the man accused of stealing Frances McDormand?s Academy Award, while his attorney vowed to fight a felony grand theft charge he says is excessive and undeserved. Terry Bryant, 57, who has been jailed since his Sunday night arrest, appeared behind glass in the courtroom in a blue jail jumpsuit and pleaded not guilty. His attorney Daniel Brookman had argued that the previous bail amount of $20 000 was unnecessary, calling the Oscar situation a momentary aberration. He said Bryant has had no contact with law enforcement for six years and represented no threat to the community.