A T.G.I. Fridays franchisee has agreed to pay $500,000 to settle New Jersey state regulators' claims that it sold cheap liquor masquerading as high-end brands. Briad Restaurant Group, of Livingston, will not contest allegations that it violated Division of Alcoholic Beverage Control rules, Acting Attorney General John Hoffman said Wednesday in announcing the settlement. As part of a statewide investigation dubbed “Operation Swill,” ABC and Division of Criminal Justice investigators raided 13 T.G.I. Fridays franchises owned by Briad and seized about 250 bottles of alcohol.