Senior Professional Staff

Our staff of economists, econometricians, statisticians, and computer professionals serves a national and international client base. Our experts possess considerable experience as witnesses at depositions, trials, arbitrations, mediations, and administrative proceedings.

Roy Weinstein

Managing Director

Roy Weinstein has been engaged in economic research and consulting since 1969. Areas of expertise include the valuation of patent rights and other forms of intellectual property, antitrust economics, standard setting, alter ego, regulatory economics, event studies, damages calculations, bankruptcy issues, wage and hour litigation, econometrics, statistical analysis, surveys and sampling, and certain types of accounting and cost allocation questions. His patent and intellectual property work includes the calculation of lost profits and reasonable royalties, royalty audits, price erosion damages, and investigations of commercial success. His antitrust efforts have focused on issues relating to market definition, conduct, competitive impact and economic damages.

Mr. Weinstein’s articles appear in the Federal Circuit Bar Journal, the Journal of the Patent and Trademark Office Society, The Licensing Journal, the Journal of Law and Technology, the International Journal of the Economics of Business, The Antitrust Bulletin, Competition, The National Law Journal, the Litigation Services Handbook, and the California State Bar Journal. He is a member of the American Economic Association, the National Association of Business Economists, and is affiliated with the American Bar Association, Section of Antitrust Law, and the Los Angeles County Bar Association.

Mr. Weinstein has appeared as an economic expert before U.S. District Courts, State Courts in various jurisdictions, the California Public Utilities Commission, the Federal Trade Commission, the International Trade Commission, the Commodity Futures Trading Commission, the U.S. Bankruptcy Court, the Texas Commissioner of Insurance, the International Chamber of Commerce, and the Provincial Division, Ontario, Canada. He also has served as a court-appointed expert on surveys and sampling and has testified at arbitrations conducted by the American Arbitration Association and the Judicial Arbitration and Mediation Service.

Mr. Weinstein received a Bachelor of Business Administration degree cum laude with honors in economics from City College New York and a Master of Arts degree in economics from the University of Chicago. While at City College, he received the Higgons Award and the Berliner Award for academic excellence. At Chicago, he was awarded fellowships from the U.S. Public Health Service and the Walgreen Foundation. He is a recipient of the Career Achievement Award from the Business Economics Alumni Society of City College New York.

Robert Mills


Robert Mills has extensive experience quantifying economic damages in connection with commercial litigation. He has served as an expert witness or consultant in a wide range of matters, including patent, trademark and copyright infringement, theft of trade secrets, publicity rights, breach of contract, interference, conversion, fraud, predatory pricing, price fixing, attempted monopolization, and labor disputes. His experience spans many industries, including software, semiconductors, telecommunications, manufacturing, apparel, insurance, energy, entertainment, waste, real estate, sporting goods, health care, pharmaceuticals, and medical devices, among others. Mr. Mills has testified as an economic expert in Federal District Court, state courts in multiple jurisdictions, and at arbitration. He has appeared at mediation venues and before the U.S. Department of Justice.

Mr. Mills also engages in economic research and consulting activities outside the context of litigation. He has assessed the anticipated competitive effects of mergers and joint ventures on behalf of government regulatory agencies and merging parties; developed forecasts and strategic recommendations for government agencies and clients involved with real estate development; assisted clients with the valuation of intangible assets and entire businesses; and provided support in licensing negotiations.

Mr. Mills received a Bachelor of Science degree in Economics and History and a Master of Science degree in Applied Economics from Portland State University. He received a Master of Arts degree in Economics from the University of California Santa Barbara.

Nels Pearsall


Nels Pearsall has more than 20 years experience as a testifying expert and economic consultant for public and private entities as well as federal and state agencies. He has furnished expert opinions in matters involving the determination of economic damages and valuation of intangible assets. Mr. Pearsall also has provided expert testimony and consulted in numerous intellectual property matters involving determinations of economic damages based on applications of reasonable royalty rates, lost profits, price erosion, and overall changes in firms’ IP asset values. He has been retained as an expert to determine values of intellectual property assets such as patents, trademarks, copyrights, and trade secrets. Mr. Pearsall has provided testimony and quantified damages associated with changes in firms’ sales and/or market strategy resulting from events affecting firms’ abilities to compete.

Mr. Pearsall also has worked extensively on antitrust issues including attempted monopolization, price discrimination, tying, predatory pricing, price fixing, collusion, vertical and horizontal restraints. He has submitted expert reports and developed economic analyses of liability and damage claims in antitrust matters in which allegations of anticompetitive behavior were advanced.

Mr. Pearsall has provided testimony regarding economic damages in commercial disputes involving unanticipated events within a market, breach of contract, changes in asset value, fiduciary duty, lost wages and operating margins. He has developed economic and financial models to analyze loss in firm value and used event studies to model changes in firms’ share price associated with negative events.

Mr. Pearsall received a Bachelor of Arts degree in Economics and a Master of Arts degree in Economics from Virginia Tech.

Kenneth E. Romig


Ken Romig has been engaged in economic consulting for more than 30 years. He has consulted on antitrust, intellectual property, breach of contract, and other general litigation issues, including pre-merger analysis, relevant market studies, and questions of commercial success. In the course of his work, Mr. Romig has conducted analyses pertaining to lost profits, reasonable royalties, price erosion, and other economic damages within a variety of industries. He also has analyzed the impact of patent exhaustion on economic damages tied to downstream products. He has consulted on matters before various districts of U.S. Federal Court, state courts, and the International Trade Commission. The industries in which he has been most frequently engaged are those relating to semiconductors, software, telecommunications, personal computing, rail transportation, and tobacco.

Mr. Romig also has consulted in areas outside of litigation. He has studied the competitive effects of mergers on behalf of merging parties and government regulatory agencies. He also has engaged in analyses of diligent enforcement of state statutes.

Mr. Romig is expert in the collection, construction, and management of very large and complex databases. He has broad knowledge of database design, analysis, and mining, and his practice has helped enhance his clients’ understanding of their own data. He has, for instance, undertaken product pricing system analyses and product distribution studies. In other engagements, where it has been appropriate to do so, Mr. Romig has made extensive use of demonstrative mapping techniques that provide geographic analysis that complements and augments traditional numerical analyses.

At present, Mr. Romig is involved in research relating to industry standards, standard setting organizations, and the role of intellectual property rights in those organizations.

Mr. Romig received a dual Bachelor of Arts degree in Economics and Mathematics from Claremont McKenna College.

Jeremy DeGracia

Senior Consultant, Director of Information Resources

Master of Library and Information Science, San José State University
B.A., Sociology & Asian American Studies, University of California at Los Angeles

Jeremy DeGracia has over two decades of experience conducting research and analysis in a litigation and economic consulting environment. His areas of expertise include company and industry analysis, intellectual property, antitrust economics, damages theory, and business failure. Mr. DeGracia has conducted research in a variety of industries, including computer hardware and software, automobiles, apparel, pharmaceuticals, consumer electronics, professional sports, and motion pictures.

Mr. DeGracia assists counsel and witnesses with expert report, deposition, and trial preparation. He has comprehensive knowledge of online resources such as LexisNexis, Westlaw, Thomson ONE, and others. He is proficient in creating damages models, event studies, economic impact analyses, and reasonable royalty calculations. He also manages the library at Micronomics and participates in ongoing firm development initiatives. He is skilled with computer software and languages such as XML, PHP, MySQL, and HTML.

Publications and Papers

1. Economic Impact of the 2011 NBA All-Star Game on Los Angeles County (with Edna Lin and Roy Weinstein), 2010.
2. Economic Impact of the 2010 X Games 16 on Los Angeles County (with Edna Lin and Roy Weinstein), 2010.
3. “The Digitization Decision: Factors to Consider When Converting Material to Digital Format,” Library Student Journal, 2009.
4. Motion Picture Sequels, 1985-2004: The First One Does Better Except When It Doesn't (with Alex Schwada and Roy Weinstein), 2006.
5. Business Failure and Entrepreneurship in the United States, on behalf of the Dutch Ministry of Economic Affairs, 1998.

Honors and Awards

1. Lifetime member of Beta Phi Mu, the international library and information studies honor society.
2. Graduate study scholarship, Southern California Association of Law Libraries, 2004.

Christopher R. Harris

Senior Consultant

M.A. Economics, San Diego State University
B.A. Economics, University of California at Irvine

Christopher Harris has consulted on engagements involving antitrust, intellectual property, and alter ego issues. He also has provided consulting services in connection with breach of contract disputes, standard setting issues, transfer pricing strategies, and economic impact studies. His work has involved calculating lost revenue, lost profits, and reasonable royalties as well as conducting market share and but-for analyses. He has experience consulting in several industries, including computer software, semiconductors, telecommunications, television and motion pictures, professional sports, sporting goods, retail, pharmaceuticals, and biotechnology.

Mr. Harris previously was a tax consultant at Ernst & Young, LLP and a lecturer in the Department of Economics at San Diego State University, where he taught courses on the principles of macroeconomics.

Mr. Harris received a Bachelor of Arts degree in Economics from the University of California, Irvine. He received a Master of Arts degree in Economics from the San Diego State University.

Frank Stabile


B.A. Economics, University of California Los Angeles

Frank Stabile has over ten years of experience in litigation and economic consulting. His areas of expertise include patent infringement, trademark infringement, and damages related to consumer fraud. Mr. Stabile has conducted analyses pertaining to reasonable royalties, lost profits, unjust enrichment, and consumer overcharges. He has also consulted with numerous companies regarding standard essential patents and FRAND commitments. Industries in which Mr. Stabile has worked include telecommunications, software, network equipment, medical devices, semiconductors, retail, apparel, recreational watercraft, insurance, and home services.

In addition to his casework, Mr. Stabile has contributed to ongoing research in the area of patent infringement and has compiled patent royalty databases for the medical device, pharmaceutical, and chemical industries, among others.

Prior to joining Micronomics, Mr. Stabile worked in the internal audit department at Mattel, Inc. and performed public policy analysis for the United States Conference of Mayors, a DC based lobbying organization.

Peter Quies


Mr. Quies has expertise in intellectual property, finance, and real estate. He has extensive experience calculating economic damages in the context of commercial litigation. He has been responsible for matters in a number of industries, including telecommunications, pharmaceuticals, insurance, entertainment, and manufacturing. In addition he has extensive experience with standard setting issues.

As a member of the faculty at the Practicing Law Institute, Mr. Quies has lectured on financial theory and its practical applications in litigation. In addition, work by Mr. Quies has been published by the American Bar Association. Most recently, he appeared as a panelist at an IP Monetization Conference at The Center for American and International Law where he spoke on the determination of FRAND royalty rates.

Prior to his consulting and real estate activities, Mr. Quies was a professional soccer player and NCAA Division I soccer coach.

Mr. Quies received a Bachelor of Arts degree in politics, philosophy and economics cum laude from Claremont McKenna College, where he was elected to Phi Beta Kappa. He also received a Master of Business Administration with majors in finance and real estate from The Wharton School of the University of Pennsylvania. At Wharton, he won a John A. Mayer Scholarship for academic performance and was a Shattuck Fellow. He is a member of the Urban Land Institute.

James Ferioli

Senior Consultant

MPIA, International Economics & International Management, University of California San Diego
B.A., Economics & Chinese, St. Mary’s College of Maryland

Mr. Ferioli has experience in a variety of fields including patent infringement, antitrust claims, standard setting, tortious interference, and false advertising. His work has involved the calculation and determination of lost revenues and profits, fair market value, reasonable royalties and FRAND royalties as well as conducting econometric analyses and but-for analyses. He has also consulted with companies regarding the development of license rates for patent portfolios and FRAND rates for standard essential patents. Mr. Ferioli has attended trials and arbitration and worked closely with testifying experts and attorneys in patent enforcement and antitrust actions at Superior Court of California and U.S. District Court. Industries in which Mr. Ferioli has worked include high-technology, software applications, mobile payments, telecommunication, cable and satellite television, streaming services, cinema, medical devices, and energy.

Prior to joining Micronomics, Mr. Ferioli worked at BrandAmerica, a financial services firm, and assessed trade compliance at the U.S. Department of Commerce, International Trade Administration. Mr. Ferioli received a Master of Pacific International Affairs Degree in International Economics and International Management from UC San Diego's School of International Relations and Pacific Studies.

Ryan Smart


M.S., Economics, University of Illinois at Urbana-Champaign
B.A., Economics & Slavic Studies, University of California, Santa Barbara

Mr. Smart has consulted on matters involving patent infringement and antitrust issues. He also has provided consulting services in connection with tortious interference and labor disputes. His work has involved calculating lost revenue, lost profits, and reasonable royalties, as well as conducting market share and but-for analyses. He has attended trial and worked closely with testifying experts and attorneys in several patent enforcement actions at U.S. District Court. Mr. Smart has experience in a variety of industries, including semiconductors, telecommunications, computer technology, medical devices, energy, banking, and public finance.

Prior to joining Micronomics, Mr. Smart managed electricity generation research and development projects at the California Energy Commission and researched economic indicators for Econoday, Inc., a leading provider of global economic data and analysis.

Mr. Smart received a Master of Science degree in Economics from the University of Illinois at Urbana-Champaign. He received a Bachelor of Arts degree with honors in Economics and Slavic Studies from the University of California, Santa Barbara, where he received the Randell Magee Award for outstanding performance.

Joseph Hale

Senior Consultant

B.A., Economics, University of California, Los Angeles
B.A., Geography/Environmental Studies, University of California, Los Angeles

Joseph Hale has been engaged in economic research and consulting since 2012. His areas of focus include evaluating damages related to patent infringement, antitrust, and wage and labor disputes; publication of economic impact studies; data analysis; and calculations of effective royalty rates and reasonable royalties. Mr. Hale has worked on litigation cases in state and federal courts, at the U.S. International Trade Commission, and at arbitration. His experience spans numerous industries, including telecommunications, cable and satellite television, consumer electronics, software, pharmaceuticals, energy, food and beverages, entertainment, tourism, and others.

Mr. Hale co-authored a study that addressed costs associated with delays in resolving disputes when comparing arbitration with federal courts. Roy Weinstein and Mr. Hale presented these findings at the Pepperdine University School of Law. In addition, Mr. Hale co-authored a study to determine the economic impact of the 2018 NBA All-Star Game on Los Angeles County.

Mr. Hale received Bachelor of Arts degrees in Economics and Geography/Environmental Studies from the University of California, Los Angeles.

David Minarovic

Systems Administrator

David Minarovic has supervised Micronomics information technology deployment and resources for over twenty years. Mr. Minarovic is multi-certified by Microsoft, including Windows Server and Microsoft Exchange e-mail technology. David is responsible for on-site and remote support to Micronomics staff and troubleshoots a wide variety of hardware and software issues. He also is responsible for the purchase, installation and integration of corporate systems, including client computers, servers, distributed systems and software.

Additionally, Mr. Minarovic oversees office operations for both Micronomics Los Angeles and Long Beach offices. His experience touches most aspects of day to day performance including purchasing, accounting and human resources.

Prior to joining Micronomics, Mr. Minarovic was a member of the IT staff at Price Waterhouse LLC.

Joshua Ball

Research Associate

B.A., Economics, Grinnell College

Mr. Ball has been engaged in matters involving patent infringement and other issues. He has presented research on the impact of immigration on trade at the Claremont-UC Undergraduate Research Conference on the European Union. He also has performed economic research pertaining to the fields of law and industrial organization.

Mr. Ball received a Bachelor of Arts degree in Economics with Honors from Grinnell College.

Pyung Yu

Research Associate

B.A., Economics, University of Pennsylvania

Mr. Yu has been engaged in litigation matters involving patent infringement and antitrust economics. He has also provided consulting services in negotiating settlements and licenses. Mr. Yu has experience in a variety of industries, including telecommunications, semiconductors, air transportation financing, and banking.

Prior to joining Micronomics, Mr. Yu worked as a research assistant at the Wharton School and as an associate data analyst at the Netter Center for Community Partnerships. Mr. Yu received a Bachelor of Arts degree in Economics from the University of Pennsylvania. He has passed the CFA Level 1 and Level 2 Exams, and is currently a candidate for the Level 3 Exam.

Megan Fasules

Senior Consultant

Ph.D., Economics, American University
B.A., Mathematics and Economics, Cum Laude, Lake Forest College

Dr. Fasules has experience in a variety of fields such as labor, health, and public economics. Her work has involved cost-benefit analysis, regression analysis, estimating equity impacts, and calculating projections for future education requirements of job openings.

Prior to joining Micronomics, Dr. Fasules worked as an Assistant Research Professor at Georgetown University Center on Education and the Workforce. There, she led research that focused on equity issues in education and employment. She also supported research efforts to help states integrate education and workforce data systems for evaluation and improved feedback between labor markets and education.

Dr. Fasules earned her B.A. in Mathematics and Economics at Lake Forest College in Illinois and her Ph.D. in Economics at American University. Her dissertation focused on evaluating the extent to which the implementation of Medicare affected personal bankruptcy. This dissertation looked specifically on the impact of Medicare on personal bankruptcy rates, medical debt at filing, and petitioner characteristics.

Irina Zotova


Ph.D., Economics, University of California, Irvine
M.A., Economics, University of California, Irvine
B.S., Mathematics/Economics, Cum Laude, University of California, San Diego

Dr. Zotova has been engaged in matters involving patent infringement and fraud. She has experience in a variety of industries, including telecommunications, insurance, and airlines. Her work has involved regression analysis, calculations of lost profits, and the determination of FRAND royalty rates.

Dr. Zotova’s dissertation included topics in transportation, labor, and experimental economics. Her research on the impact of the crash of Alaska Airlines Flight 261 on the domestic fares of the crash carrier was published in the journal Economics of Transportation. Other subjects in which she has concentrated include laboratory experiments to examine the impact of employment history on wages. In addition to her economic research, Dr. Zotova was a Graduate Teaching Assistant for undergraduate economics courses.

Dr. Zotova received a Ph.D. and M.A. in Economics from the University of California, Irvine and a B.S. in Mathematics and Economics from the University of California, San Diego.