Michael Skakel, a Kennedy relative convicted of the 1975 murder of a 15-year-old neighbor, walked out of a Connecticut courthouse Thursday on bail, CNN's Deborah Feyerick reports

A Connecticut judge set bail at $1.2 million for Skakel, whose murder conviction in the death of Martha Moxley was vacated last month after a judge decided he did not receive adequate representation in his 2002 trial.

After bail was posted, Skakel sauntered out of the courthouse, flanked by his attorneys, a slight grin on his face. He did not speak.

Hubert Santos, his attorney, told reporters that "two tragedies" occurred in Greenwich nearly four decades ago.

"The first was of course the murder of Martha Moxley," he said. "A great tragedy for the Moxley family and for everyone else associated with the matter. The second tragedy occurred in a courthouse ... in 2002 when Michael was convicted of the murder of Martha Moxley. A murder he did not commit. And hopefully we are at the first step of righting that wrong and making sure that an innocent man now goes free."

Stamford Superior Court Judge Gary White set several conditions for the bail, including barring Skakel from leaving Connecticut without court approval, ordering him to wear a GPS tracking device, to refrain from contacting the victim's family, and requiring that he report to a bail commissioner.

Vito Colucci, a private investigator who worked on Michael Skakel's case and met with Skakel and his family when he left jail yesterday, speaks out. (SEE VIDEO BELOW)