LG UltraFine 5K issues with brand new 2016 MBP

I've received my 5K display last week and worked for about 2 minutes until the display would turn off and stop charging my MacBook Pro.

Went to the Apple Store to get another MBP and the issue was still occurring so I'm returning the display and getting another unit, which of course is sold out and I have to wait weeks before it arrives. 😠

I did (several times) perform a SMC and PRAM reset on both the previous and new MBP, which of course is silly since the MacBook Pro was about 30 minutes old when I tried plugging the display in.

I even wiped the drive and reinstalled macOS just in case some user setting could cause this but it didn't help.

As anyone else had issues with this setup?

I had hopes that this display would "Just Work™" as Apple supposedly worked with LG designing it, whatever that means. I'm very disappointed that Apple got out of the display business and seems just fine with the poor experience the LG display provides.

If that's the new Apple, then I'll just buy my Apple gear used and stopped giving them my money.