Settlement reached between investors, restaurant manager

Business partners of three Port Huron restaurants have reached a settlement regarding a mismanagement lawsuit. Steve Fernandez and Michelle Jones, investors in Fuel Woodfire Grill, Tio Gordo’s Cocina, and Lake FX Grill will terminate their ownership interests in the three businesses. This comes after Fernandez and Jones sued manger Mike Taylor earlier this year for mismanagement. Under the agreement, Fernandez and Jones will withdraw from the partnership and are to be held harmless of any further liabilities associated with Taylor’s alleged mismanagement. In a press release, Fernandez and Jones say they will, “Discontinue holding ownership interests in the restaurants, even if that meant losing all we have invested in them.” The couple, who also own Country Style Marketplace in Fort Gratiot Township, say they will continue plans to develop a similar grocery store in Downtown Port Huron.