Report: Walmart and Capital One Settle Legal Battle

Core Viewpoint - Walmart and Capital One have settled a lawsuit regarding their former credit card partnership, with the case dismissed by a judge after resolving claims and counterclaims [1] Group 1: Settlement Details - The terms of the settlement between Walmart and Capital One were not disclosed [1] - The lawsuit was dismissed on June 20, following the companies' resolution of their disputes [1] Group 2: Background of the Partnership - Walmart and Capital One introduced the Capital One Walmart Rewards Credit Card Program in 2019 [2] - In April 2023, Walmart filed a lawsuit against Capital One, alleging failures in customer care standards [2] - Walmart's lawsuit claimed that Capital One did not promptly post transaction information and failed to deliver replacement cards within five days [2] Group 3: Legal Proceedings - A federal judge ruled in March that Walmart could terminate its credit card partnership with Capital One early due to "repeated customer service failures" [3] - Following the March ruling, Capital One expressed disagreement and considered appealing the decision [3] - The partnership officially ended in May 2023, two months after the court ruling [3]