MILFORD \u2014 The 16-year-old Milford resident accused of murder in the stabbing death of Shelton teen James McGrath was released Monday afternoon after posting $2 million bond. Earlier in the day, a Superior Court judge declined to reduce the bond holding Raul Eliah Valle in custody. Valle emerged from the courthouse hours later, declining to comment before being led to a car which then drove away. Valle faces charges of murder and three counts of first-degree assault in connection with a melee at a May 14 house party on Shelton\u2019s Laurel Glen Drive that left McGrath, 17, dead and three others injured. McGrath\u2019s father, Kevin, was in court Monday but declined to comment after the brief hearing during which Valle, a student at St. Joseph High School in Trumbull, appeared in open court for the first time. Valle\u2019s lawyer, Jake Donovan, asked Judge Peter Brown to lower the $2 million bond for his client, who has been behind bars since last week, to $1 million. State\u2019s Attorney Margaret Kelley said the bond should remain as is, and asked the judge to order Valle not to have any contact with any others involved in the case should he be released. \u201cThis is still an ongoing investigation,\u201d Kelley said. Donovan said the high bond and strict conditions would ensure his client wouldn\u2019t get in trouble. \u201cThere\u2019s just no question he\u2019ll make all his court appearances and won\u2019t be a danger to society,\u201d Donovan said. Brown denied the bond reduction motion, but added a number of conditions of release, including GPS monitoring and house arrest except for legal and medical appointments, mental health evaluation and treatment, and the surrender of any passports Valle has. The judge continued the case to July 15 for a probable cause hearing, a procedural requirement in murder cases, though Valle could waive the hearing at a later date. Donovan declined to comment on the case after the hearing. Valle appeared before Judge H. Gordon Hall in Derby Superior Court last Thursday in a hearing that was closed to the public. Police arrested Valle on Wednesday, after numerous witnesses identified him as the suspect in the death of McGrath, a Shelton resident who attended Fairfield College Preparatory School. According to the arrest warrant, Valle had been at a party on Lazy Brook Road in Shelton last Saturday with other students from the school. At some point a group of students from Shelton High School arrived and an altercation between the two groups of students took place. After the fight, some of the Shelton students went to another house party on Laurel Glen Drive, but the two groups continued \u201cbad-mouthing\u201d each other in a group chat, a witness told police, according to the warrant. Valle and several other students then drove to the Laurel Glen Drive home, about a mile away, and another fight broke out on the lawn of that property, according to the warrant. Several teens were stabbed in that altercation, police said. Witnesses told police that the fight appeared to have ended, with Valle walking back toward the vehicle he had arrived in, and \u201ceveryone was leaving him alone.\u201d He then turned and stabbed McGrath, who was standing nearby, according to the warrant. McGrath died a short time later at Bridgeport Hospital. The other three who were stabbed were also hospitalized but have since been released. The warrant did not indicate whether McGrath knew Valle or the group he was with. McGrath, who played football and lacrosse at Fairfield Prep, was honored Wednesday night by both teams before Prep\u2019s game against Shelton High. His funeral was on Friday.