People v. Liu

Summary

The court held that determining whether stolen access card information falls below Proposition 47's $950 threshold requires valuing the information itself at its reasonable and fair market value, rather than treating the value of goods or money obtained with it as a floor. Evidence of unauthorized charges may be relevant but does not establish a minimum value, and the inquiry must consider the circumstances affecting the information's illicit-market price. The court vacated the Court of Appeal's judgment and remanded for further factfinding.