Today the Los Angeles County District Attorney’s Office dismissed all felony charges against Insomniac’s CEO, Pasquale Rotella.

Gary Jay Kaufman, Mr. Rotella’s attorney, issued the following statement in response to Thursday’s dismissal:

“I am so pleased that all of the charges in the grand jury indictment against Mr. Rotella have now been dismissed.  We have maintained from day one that Mr. Rotella is innocent, and today’s dismissal finally confirms this.  I am elated for Mr. Rotella and his family.”

Mr. Rotella issued his own statement as follows:

“I always knew the charges were politically motivated and publicity driven. While it’s taken too long to finally put this behind me, I can now focus my energy where it belongs: my family and my company.  Thank you to everyone who has supported me through this.”

[Update] –  Rotella pleaded no contest Thursday afternoon to a single misdemeanor conflict-of-interest count. He was levied with a $150,000 fine and must serve three years of probation. Reza Gerami’s attorney indicated he will be party to a similar deal on Friday and pay restitution of $30,000, according to his lawyer Larry M. Bakman.