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Walmart hits pause button on Vizio deal after ‘informal’ antitrust talks https://t.co/iwberRfFGO
A federal judge ruled that a 2018 agreement making Capital One the exclusive issuer of Walmart-branded credit cards dictated that Capital One's ‘repeated customer service failures’ entitled Walmart to end their relationship https://t.co/66y0rMVqap https://t.co/gAejqzXUUE
Walmart can terminate its agreement with Capital One, a judge ruled, agreeing with Walmart that the plain meaning of the contract allows the retail behemoth to ax the agreement if its credit card partner doesn't meet certain customer service standards. https://t.co/4Lk5hNjGgs https://t.co/4r2mInJQ6N
A federal judge has ruled that Walmart has the right to terminate its credit card partnership with Capital One Financial early, due to 'repeated customer service failures'. The decision came after Walmart sued Capital One, citing the 2018 agreement which made Capital One the sole issuer of Walmart's private label and co-branded credit cards. The judge's ruling supports Walmart's contention that the contract's terms allowed for the early termination of the agreement due to these failures.