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Burger King, franchisees drop $1 burger lawsuit

Burger King Corp's U.S. franchisees agreed to dismiss a lawsuit over $1 cheeseburgers, and will gain more power to set prices for the fast food restaurant chain's cheaper items.

The agreement, announced on Monday, comes as the Miami-based Burger King's new private-equity owners try to repair its historically contentious relationship with franchisees, who operate almost all of the restaurants for the world's second-biggest hamburger chain.

Read the complete Reuters story, "Burger King, franchisees drop $1 burger lawsuit."

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