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ADDENDUM – December 10, 2012

Other news items of interest from the Orange County Business Journal

An investor is suing Quiksilver Inc. Chief Executive Officer Robert McKnight and the action-sports apparel maker’s board over stock incentives. The suit, filed in Delaware Chancery Court in Wilmington, Del., by Vladimir Gusinsky Living Trust, claims the company improperly awarded 4 million units of restricted stock last year to McKnight; Pierre Agnes, president of Quiksilver Europe; and Craig Stevenson, Quik- silver chief operating officer.

Brea-based American Suzuki Motor Corp. said that 213 of 219 dealers had approved a settlement agreement tied to its bankruptcy-reorganization plan ahead of a Dec. 28 deadline. American Suzuki filed for bankruptcy last month with plans to stop selling vehicles in the U.S. and instead focus on motorcycles, all-terrain vehicles and marine products.

Newport Beach-based Pacific Investment Management Co. received a U.S. patent for the methodology behind its global bond index. Pimco’s Global Advantage Bond Index, launched in 2009, assesses countries by gross domestic product.

Questcor Pharmaceuticals Inc., an Anaheim-based drug maker, will pay a dividend of 20 cents-per share on Dec. 21. The maker of H.P. Acthar Gel normally would have paid the dividend in the first quarter but like many other companies is offering an early div-idend ahead of what’s expected to be a tougher tax climate on such income in 2013.

Irvine-based healthcare software maker Quality Systems Inc. will pay a quarterly dividend of 17.5 cents a share to shareholders on Dec. 28. That’s moved up from a previously announced date of Jan. 4.

Newport Beach-based agricultural products maker American Vanguard Corp. will pay a cash dividend of 10 cents per share. The dividend will be distributed on Dec. 21.

Irvine-based dietary supplements and ingredients maker ChromaDex Corp. acquired Spherix Consulting Inc., a subsidiary of Spherix Inc. ChromaDex bought all the stock of the consulting arm of the Bethesda, Md.-based research firm on undisclosed terms.

There were 2,844 OC homes sales involving properties in foreclosure in the third quarter, according to Irvine-based RealtyTrac. That was almost 3% more than in the second quarter and also almost 3% more than in the third quarter of 2011. The average OC foreclosure sale was priced at $432,000, roughly the same as in the previous quarter and in the year-earlier period. Such sales represented 30% of all home sales in the county in the most recent quarter.

Arkansas-based Wal-Mart Stores Inc. opened a 134,376-square-foot “supercenter” at 71 Technology Drive in Irvine. The chain’s supercenters add supermarket, bakery, deli and pharmacy items to WalMart’s usual array of retail product offerings.

Aliso Viejo-based burger chain Johnny Rockets Restaurant Group Inc. inked a franchise agreement for 10 restaurants in Colombia. The restaurants will open during the next 10 years, starting with one in Bogota.

Costa Mesa-based tickets.com has signed a multiyear deal with the Baltimore Orioles to sell tickets to sporting and special events at Oriole Park at Camden Yards. The Orioles are among 16 major League Baseball teams that will use the company’s online and mobile ticket system for sales in 2013.

A handful of Orange County companies have made Inc. Magazine’s list of 100 companies with the most growth in employee count from 2008 and 2011. Santa Ana-based security and janitorial-services company Universal Services of America topped the list, with 17,330 new jobs for a total of 20,760. About 2,000 of its employees are in OC.

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