DECISION RESERVED ON FASHION KING'S BAIL UNTIL FEB. 5

Peter Nygard will remain in jail for another week despite his lawyers laying out an updated bail plan for the Canadian fashion king who is facing sex trafficking and racketeering charges in the United States. Nygard, who is 79, was arrested last month in Winnipeg under the Extradition Act and faces nine counts in the Southern District of New York. Justice Shawn Greenberg says she will need time to decide whether Nygard should be released and has reserved her decision until Feb. 5. His lawyers told court a security company has been hired to provide 24-hour video surveillance of Nygard's home if he should be granted bail. Federal lawyers questioned how Nygard would pay for the security if his finances are in the dire straits that he has said they are.