Edward T. Garcia, M.S.

M.S. in Economics

Ed has over a decade of experience consulting in personal injury, wrongful death, class action wage and hour, medical malpractice, employment-related issues, business litigation, business valuation, lost profits, 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 Ed has valued hundreds of cases in these matters.  In addition to consulting, Ed has taught as an Adjunct Professor of Economics and Finance at Azusa Pacific University, and currently teaches as a Lecturer at California State Polytechnic University, Pomona.


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

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Dennis Halcoussis, Ph.D.

Ph.D. in Economics

Dennis 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 & Company, LLC, applying econometrics and other statistical theory to estimate losses in civil cases.


He holds a Ph.D. in Economics from the University of Pennsylvania and began teaching at California State University, Northridge in 1991, where he received tenure in 1997.


Dennis has over 25 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 legislative voting on internet gambling restrictions, the interaction between the stock market and a Presidential election, pricing of rock concert tickets sold on eBay, funding of public education, and the funding of public radio, to name a few.

Interested in retaining Dennis on a case?

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William W. Roberts, Ph.D.

Ph.D. in Economics

Bill is Professor Emeritus of Economics at California State University, Northridge, as well as an economist and statistician for PFC.  For over three years, Bill has worked with PFC testifying for both plaintiffs and defendants on lost income and class action wage and hour.  Bill has also performed valuations of stock purchases and option plans.


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 (CSUN) 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.  In addition, Bill has taught econometrics, both theoretical and applied at the undergraduate and graduate (MA and MBA) levels.  For 10 years, Bill was the Director of the San Fernando Valley Economic Research Center at CSUN where he extracted data from larger data sets for the Greater Los Angeles area to provide statistically meaningful descriptions of the Valley.


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.

Interested in retaining Bill on a case?

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Robert Neff, CPA, ABV


Bob is the Director of Forensic Accounting for Phillips, Fractor & Company, LLC.  Bob performs business valuations and handles cases involving complex commercial and contractual issues.  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.  Additionally, 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.

Interested in retaining Bob on a case?

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George Arzumanyan, CFA


George has been a consultant and expert at Phillips Fractor & Company, LLC since 2013.  His current consulting focus is in areas of statistics, finance, and economics.  He also performs investment research and analysis using macroeconomic information.  Additionally, he is a portfolio manager for Walnut Oak Capital LLC. 


George graduated summa cum laude from California State University, Northridge with a Bachelor’s Degree in Business Administration with emphasis on Global Supply Chain Management and Systems and Operations Management.  He also minored in Finance and Marketing.

Interested in retaining George on a case?

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H. Drew Fountaine, CPA


Drew teaches accounting and finance in Pepperdine University's Masters of Applied Finance and MBA programs and serves as an expert in the areas of forensic accounting, business and financial valuation, and applied finance.  He has worked with Phillips, Fractor & Company, LLC for more than 10 years.


Drew previously taught accounting and finance at California State University, Northridge and Sonoma State University.  Prior to pursuing academics, Drew worked for approximately 20 years in public accounting and a variety of corporate financial management roles, including one with a publicly-held multinational corporation.


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 involved with development of online curriculum and has also developed online materials for John Wiley & Sons in the area of applied finance.

Interested in retaining Drew on a case?

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Craig Kerr, Ph.D.

Ph.D. in Economics

Craig is a Associate Professor of Economics at California State Polytechnic University in Pomona (Cal Poly) where he teaches both graduate and undergraduate courses in Labor and Sports Economics, Microeconomic theory, graduate research, and Industrial Organization.  He is a recent addition to the Phillips, Fractor & Company, LLC expert team.  He conducts research predominantly on labor market issues with a current focus on markets for professional athletes.

Craig holds a Ph.D. in Economics from the University of Colorado where he taught his first courses in Economics.  Before joining the Cal Poly faculty, Craig taught at the University of Pittsburgh and the University of Richmond.  His publications include empirical estimates of wage gaps across U.S. cities as well as a theoretical model of Urban Economics.  His research papers that are currently under review at various journals focus on topics such as empirical methods to identify salary discrimination in Major League Soccer and estimating how pressure differentially effects performance in the Professional Golfers’ Association.

During tax season, Craig works alongside students in training to prepare taxes for lower income households through the Internal Revenue Service’s Volunteer Income Tax Assistance program.

Interested in retaining Craig on a case?

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William Ingersoll

Ph.D. in Economics

Will is an Assistant Professor of Economics at Azusa Pacific University (APU) where he teaches courses in Microeconomic Theory, Industrial Organization, Environmental Economics, and Econometrics.  He is a recent addition to the Phillips, Fractor & Company, LLC expert team.  He is conducting ongoing research in economic impact analysis, business valuation, and labor loss analysis.


Will received his Ph.D. in Economics from the University of Arizona (UA) where he conducted research on network effects, bargaining, and industrial organization.  His dissertation primarily explores technological advancement in network effect markets, such as much of the hi-tech industry.  It additionally touches on understanding agent bargaining situations, where a single negotiator might represent the interests of multiple parties.


During his time at UA, Will worked as a graduate research assistant at the Udall Center for Studies in Public Policy and contributed to projects analyzing the impact of E-Verify legislation on firms, an economic impact evaluation on how changes in border enforcement strategies effected local towns in Arizona, as well as demographic comparison studies.

Interested in retaining Will on a case?

Sean Chasworth

Data Scientist

Sean is a data scientist, statistician, and programmer, specializing in wage-hour and other employment litigation. During his 10+ years with Phillips, Fractor & Company, LLC and predecessor firms, Sean has worked on numerous 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 point-of-sale and other transaction data (to establish off-the-clock work time), and has analyzed large databases and sets of data for other forms of litigation. He also creates 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 has 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 the CFA Institute.

Interested in retaining Sean on a case?

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