About Phillips Fractor and Company- rule26

G. Michael Phillips, Ph.D., has more than 30 years’ experience consulting in areas of econometrics, applied economics, statistical analysis, and financial modeling and valuation. Mike specializes in data-intensive research including the construction and management of large databases and complex litigation. Recent engagements have generally focused on surveys and sampling, economic modeling, intellectual property valuation, product liability sampling and analysis, discrimination analysis, and complex economic valuations.

Mike is a Professor of Finance, Financial Planning, and Insurance at California State University, Northridge where he is also the Director of the Center for Financial Planning and Investment. He previously taught at University of Southern California and was an Economist for the United States Department of Commerce. Mike earned his B.S. in Mathematics and Economics from Illinois State University and his Ph.D. from the University of California, San Diego.

Mike has been author or coauthor of numerous monographs and books and he is co-inventor of over a dozen patents. His academic research is generally in the area of expectations formation and valuation in markets with incomplete information, but he also has numerous publications regarding applied statistics, econometrics, and forecasting. In recent years, his academic research has especially focused on investments and financial planning related topics. Mike regularly serves as an expert witness in Federal and State courts regarding statistics, econometrics, forecasting, economics, finance, and valuation, and he has also served as a consultant to several governmental agencies and many of the Fortune 500 and smaller organizations. He has been retained on nearly 1,000 cases.

David Fractor, Ph.D., has more than 25 years’ experience consulting in labor-related issues with testimony experience in over 600 depositions and 250 trials and arbitrations. David’s consulting focuses on individual claim of loss relating to earnings and benefits, household services, or future medical needs. His practice also includes employment matters and personal injury/wrongful death assignments including medical malpractice cases. He has substantial experience in asbestos-related litigation.

David received his B.A. in Economics from UCLA and his M.S. and Ph.D. degrees in Economics from the University of Oregon. He has published several articles that deal with his practice area. In addition, David has taught Economics and Finance at numerous institutions including UCLA, Cal State Channel Islands, and for more than 15 years has been a faculty member at Cal State Northridge. He regularly teaches courses in Labor Economics and Law & Economics.

Dennis Halcoussis, Ph.D., is a Professor of Economics at California State University, Northridge. He works as a consultant and expert on a variety of cases for Phillips Fractor & Co., applying econometrics and other statistical theory to estimate losses in civil cases.

He holds a Ph.D. in economics from the University of Pennsylvania, started teaching at Cal. State Northridge in 1991, and received tenure there in 1997.

Dennis has 22 years of experience teaching econometrics at both the undergraduate and MBA level and is the author of an econometrics textbook, Understanding Econometrics. In his classes, Halcoussis emphasizes applications as well as the interpretation and communication of econometric results. He is the author of over twenty research papers published in refereed academic journals. Most of the papers use applied econometrics to address questions concerning a wide array of topics, such as the interaction between the stock market and the 2008 Presidential election, pricing of rock concert tickets sold on eBay, funding of public education, funding of public radio, etc.

William (Bill) W. Roberts, Ph.D., is a Professor of Economics at California State University, Northridge. Bill is an economist/statistician for Phillips, Fractor, and Company who has recently testified in arbitration and at trial on lost income and submitted declarations related to unpaid wages in large, pending class actions and performed valuations of stock purchase and option plans. He has submitted declarations for both plaintiffs and defendants.

Bill received his B.A. in Economics from Macalester College, Saint Paul, Minnesota and his Ph.D. in Economics from the University of California, San Diego. He started teaching at California State University, Northridge in 1973 and has taught economics and business strategy for over 40 years, including one year as a Senior Teaching Fellow at the National University of Singapore. Bill has also served as Chair, Management Department and Associate Dean for the College of Business and Economics, both at California State University, Northridge.

Bill is co-author of a money and banking textbook, Money and Banking: A Market-oriented Approach and the author of numerous refereed journal articles in the areas of finance, growth and development, and the assessment of educational learning objectives. His most recent works are in the area of evaluating educational outcomes by using applied econometrics to evaluate course effectiveness. In addition, Bill has taught econometrics, both theoretical and applied at the undergraduate and graduate (MA and MBA) levels.

Currently, Bill is Director of the San Fernando Valley Economic Research Center at California State University, Northridge. Since the San Fernando Valley is not a politically identified entity, the data is subsumed in larger data sets for the Greater Los Angeles area. Bill extracts data from these larger sets to provide a statistically meaningful description of the Valley.

Sean Chasworth is a database analyst and programmer, specializing in wage-hour and other employment litigation. During his ten years with PFC and predecessor firms, Sean has worked on dozens of wage-hour cases, both class action and multi-plaintiff, and is an expert on drawing information from employee time and payroll data for both plaintiff and defense counsel. He has also worked with many other forms of data, including POS and other transaction data (to establish off-the-clock work time), as well as analysis of large databases and sets of data for other forms of litigation. He has assembled useful databases from poorly-formatted sources, including information which may initially appear unusable or obfuscated. He is also knowledgeable about public and private data sources, including demographic data, US Census data, and economic and financial data.

Sean is a spreadsheet master with a degree in Mathematics from the University of Redlands, and has passed examinations sponsored by the Society of Actuaries, American Society of Pension Actuaries, and is a candidate for the CFA Institute Charter.

Ross Selvidge, Ph.D., has 35 years experience as a financial and economic consultant as well as more than 15 years as a part-time faculty member at the Marshall School of Business and the Price School of Public Policy at the University of Southern California. Ross has worked on consulting assignments ranging from the valuation of assets and ownership interests to the structuring of financing mechanisms and estimating fiscal/economic impacts. A particular emphasis of Ross’s work has been in the area of land use policy and real estate. He has qualified as an expert in both Federal Bankruptcy Court and California Superior Court

He holds both a Bachelor of Architecture degree and Ph.D. in finance and land economics from USC. Prior to joining Phillips Fractor & Co. he was a Managing Director in the Land Use Economics Consulting Group of CB Richard Ellis.

Ross has had extensive local government involvement. He has served on a number of civic commissions, task forces and boards in the City of Pasadena. In 2013 he was elected to the Board of Trustees of the Pasadena Area Community College District which has an enrollment of more than 30,000 students.

Robert Neff, CPA, ABV is our Director of Forensic Accounting. Bob performs business valuations, handles cases involving complex issues, and also manages the creation of large databases for a variety of cases. He has provided litigation consulting and testimony since 2000.

Bob received his Bachelor of Science Degree in Accounting from California State Polytechnic University, Pomona. He is a licensed CPA and holds the ABV designation for business valuation experts. In addition, Bob is the Chief Financial Officer for several companies.

Bob possesses more than three decades of experience in public accounting and in private industry. In his various roles, Bob has overseen and managed not only the accounting and financial reporting functions, but also has been in charge of administration, human resources and finances of many companies in a variety of industries. His “real world” experience has enabled him to bring solid analysis and creativity to many different cases.

Drew Fountaine, CPA, MBA, Ed.D. teaches accounting and finance at Pepperdine University and serves as an expert in the areas of forensic accounting, business and financial valuation, and applied finance. Drew has worked with Phillips, Fractor, & Co. for seven years.

Prior to pursuing his graduate training, Drew had a lengthy corporate career serving in a variety of accounting and financial roles for multinational corporations.

Drew has published academic research in the areas of portfolio construction and the impact of accounting information on stock performance, and wrote his doctoral dissertation on applications of Activity-Based Costing to educational institutions. At Pepperdine, he has been very involved with the development of online curriculum and is currently developing online materials for John Wiley & Sons in the area of applied finance.

Edward T. Garcia, M.S., has 10 years of experience consulting in personal injury, wrongful death, medical malpractice, employment-related issues, business litigation, business valuation, pension valuation, and stockbroker negligence matters. Ed’s consulting has been focused on loss of earnings, loss of earning capacity, loss of fringe benefit analyses, loss of household services, and life care plan valuation and has valued hundreds of cases in these matters. He has more recently been involved in consulting on complex litigation with involvement in class action matters.

Ed has testified as an expert in depositions, binding arbitrations and trials in the State of California, Superior Court.

Ed received his B.S. in Business Administration with an emphasis on Corporate Finance from the University of Southern California, Marshall School of Business. He received his M.S. in Economics with an Economic Analysis Option in the Field of Money and Banking from the State of California Polytechnic University, Pomona.