Boxing returns Big bout puts Delaware back in ring Pages 10-12 FEBRUARY 7, 2017 • VOL. 4 • NO. 3 • $2 Inside BookBandit catches on UD student develops textbook app Page 5 Delaware’s legal grounds Sizing up the cases that shape the playing fi eld Pages 16, 18 SweetheartSweetheart DEAL Reaching DEAL for the next level Megan McGlinchey at helm of Riverfront Development Corp. Pages 27 SHARING THE WORKPLACE WITH David Cauley and his wife Kimberly Green Cauley run The Cauley Firm. The family YOUR SPOUSE connection will grow when his brother joins the fi rm this month. Cover photo by Ron Dubick In this issue First Look .......................... 3 Business News ..............4-8 Viewpoint ....................14-15 Spotlight ..................... 16, 18 Smartboard ..................... 22 Readers’ Guide ............... 23 Market Watch DBT Book of Lists: Spotlight on hot properties Law Firms ............................. 25 Page 26 2 FEBRUARY 7, 2017 DELAWARE BUSINESS TIMES www.DelawareBusinessTimes.com Experience +Longevity 70 years of experience is the difference. BUSINESS TAX PLANNING AND PREPARATION AUDIT, REVIEW AND COMPILATION SERVICES BOOKKEEPING, PAYROLL AND CONTROLLERSHIP FUNCTIONS NONPROFIT, GOVERNMENT AND EBP AUDITS TRUST, ESTATE AND GIFT TAXES INDIVIDUAL TAX PLANNING AND PREPARATION EXPERIENCE IS THE DIFFERENCE® Certified Public Accountants and Consultants IMPORTANT FILING DEADLINES: April 18 March 15 Delaware should be enacting legislation early in 2017 • Individuals returns (Form 1040, 1040A, 1040EZ) • S-Corps (Form 1120-S) to adopt the same due dates as the IRS for Delaware’s business tax returns, effective immediately. Delaware’s • C-Corps, calendar year end (Form 1120) • Partnership (Form 1065) due dates for the 2016 tax year should soon be • Trust and estate (Form 1041) consistent with the federal due • Foreign bank accounts (Form 114) dates, except for individuals. • Last day to make a contribution to traditional IRA, Keep an eye out Roth IRA, HSA, SEP-IRA*, Solo 401(k)* * Eligible for extension for our bi-weekly Contact our office at 302.225.5000 or [email protected] for more information or questions about your 2016 tax return. tips for the rest of tax season! FOR INFORMATIONAL PURPOSES ONLY. This is a general guideline. Speak with a professional tax consultant to discuss your specific requirements. www.DelawareBusinessTimes.com DELAWARE BUSINESS TIMES FEBRUARY 7, 2017 3 VOL.VOL.VOL. 42 2NO. NO. 217 15 FEBRUARY AUGUST JULY 21, 18, 7,2015 20152017 FIRST LOOK The ITALIANAFoundedMERICAN 2014 HERALD ‘Vindication’ for Tiberi may be on the card A Biweekly Newspaper Serving Delaware’s Business Community Vol. 4, No. 3 dated 7 February 2017, © Copyright 2017 by Today Media, All Rights Reserved. when brawlers enter the ring on Feb. 17 This newspaper or its trademarks may not be reproduced in whole or in part in any form or by any means electronic or mechanical, This column ‘cruel and disgusting’ and the controversy boxing series to Delaware,” added including photocopying or recording, or by any information storage always has been titled surrounding the decision sparked a Feldman, 46, of Broomall, Pa., in nearby and retrieval system now known or hereafter invent without written permission from the Publisher. For licensing, reprints, e-prints, “First Look,” but, for full-fl edged Senate investigation into Delaware County. plaques, e-mail [email protected]. this issue, it might be professional boxing,” BoxingScene.com, an Feldman, who was 8-1 in the CEO/President titled “Another Look,” industry e-publication, reports even today. middleweight class as a professional Publisher as in “boxing takes “Just recently James Toney fi nally admitted boxer, heads XF Events and David Robert F. Martinelli another look at the to losing the fi ght.” Feldman Promotions. He’s a graduate News First State,” and “the “We’re saluting David as one of our of Marple Newtown High School, with Senior Reporter First State takes an- ‘Ambassadors’ at this fi ght,” Feldman a criminal Justice degree from Temple Kathy Canavan Sam Waltz Founding Publisher other look at boxing!” said, “along with others like Ciro Poppiti University. He attended Temple, he Editor The basics fi rst . who has helped us bring this night of sheepishly admits, because it was just Christi Milligan A fi ght billed as fi ghts to Delaware.” (It was the late U.S. four blocks from Champs Gym at 26th Copy Editor “Skill vs. Will,” on Feb. 17 at the Chase Sen. William V. Roth who spearheaded and Master streets, where both he and Al Kemp Center of the Riverfront, features Roy the Senate investigation as an ally for the Tiberi had trained. Director of Advertising “Junior” Jones Jr. vs. Bobby Gunn for the wronged Tiberi.) Alex Hamer, a national boxing industry Avie Silver vacant World Boxing Feder-ation World “This month is the 25th anniversary leader and former U.S. Army Judge Sales Cruiserweight Championship, in what its of David’s fi ght Feb. 8, 1992, and we Advocate General attorney who now lives Lisa Fleetwood promoter calls “the biggest boxing event really want to get that awful decision on Philadelphia’s Main Line, concurs with Tiffany Giroux in the history of Delaware.” Find all you overturned,” Feldman added. “We hope Feldman’s assessment of growing interest Art Director need to know, including ticket purchases, the IBF will agree, and we want to get in boxing. Ingrid Hansen-Lynch at www.fi rststatefi ghts.com Dave an honor-ary belt,” a reference to “We’re seeing what David is seeing, Production Manager Jones, 48, of Pensacola, Fla., is 64-9 the championship belt, boxing’s trophy which really is increasing interest in Donna Hill with 46 wins by knockout, and he’s been for its champions. boxing, and the sense of engagement that Graphic Designers fi ghting for nearly 30 years. Gunn, 43, If Tiberi is vindicated that night, he will fans get and enjoy from consuming it on C. Belinda Cimo born Robert James Williamson and going get truly global exposure — and so will a variety of platforms, from attending to Elena Menaquale by “The Celtic Warrior,” of Hackensack, Delaware — as he basks in its limelight. TV to the web and publications,” Hamer Heather Vega N.J., is 21-6-1 with 18 wins by knockout. And, to his credit, Feldman has come said. A businessman, Hamer is CEO and Vice President of Business Development Ticket prices are $55 to $350 (for quickly to recognize the parochial nature founder of www.RingsideNetwork.TV, Charlie Tomlinson ringside, with all the benefi ts), and of Delaware, where Delawareans look after cable TV’s fi rst exclusive to cable boxing Founding Publisher promoter David Feldman reports that “one of their own” like Tiberi. channel, which will launch this spring. Sam Waltz the “live gate” is “on pace to sell out at The Feb. 17 title fi ght will be carried “We’ve been working on this a few For Advertising information 2,350 fans.” Nearly half of the expected on pay-per-view TV, and it will also be years, and right now we’re seeing some [email protected] 50 sponsors already are committed, and aired in a variety of venues that following real excitement for a boxing channel, (302) 504-1326 they’ll be getting a range of benefi ts from boxing, among them, China, Russia, from cable system operators to advertisers For Subscription information promotion to preferred seating. Germany, Brazil, Bolivia, Italy, even and sponsors, to the, well, to the industry,” www.DelawareBusinessTimes.com/Subscribe Doors open at 6 p.m., the bouts begin Uzbekistan and Kohistan. he added. (800) 849-8751 at 7 p.m., TV coverage goes live at 9 p.m. Skip the TV, though, and come out. Milligan, now 58, by the way, was To submit Press Releases or Story Ideas, in time to pick up the featured bout and I’ve been to boxing matches in Delaware, 17-3-1 with 15 KOs (knockouts) in his pro [email protected] some top of the card bouts, and it likely perhaps four times or so over the last 30 career from 1985-98 as a cruiserweight, Today Media will wrap by about 11 p.m. years (they don’t happen very often here), but, as an amateur, he fought — and lost President: Robert F. Martinelli Timing of the fi ght also permits a and it’s a great night out with buddies! to — Mike Tyson in a June 1984 runup to Vice President: Ralph A. Martinelli 25th anniversary celebration for a unique Feldman acknowledged that profes- the 1984 Los Angeles Olympics. Secretary-Treasurer: Richard Martinelli moment in boxing history involving sional boxing has had a bit of checkered Tiberi, now 50, was 22-3-4 with 7 KOs Chairman: Angelo R. Martinelli David Tiberi, one of Delaware’s two recent past in Delaware as a sporting in his pro career from 1985-92, when he Delaware Business Times is printed 26-times per year by Today Media, 3301 Lancaster Pike Suite 5C, Wilmington DE 19805 and is available by championship-caliber boxers over the last event, only occasionally turning big retired after the “stolen decision” in the subscription for $59.00 per year. Single copy/back issues are available at the cover price of $2.00 plus $2.00 shipping and handling. Attention Postmaster: generation, Henry “Hammerin’ Hank” crowds if and when home-grown celebs Toney fi ght. Send address changes to Delaware Business Times, PO Box 460516, Milligan being the other. like Tiberi and Milligan have fought. Statistics come from a site that readers Escondido, CA 92046-9808. Application to mail at periodicals postage prices is pending at Wilmington, Delaware post offi ce and additional mailing offi ces. “In February of 1992, Dave Tiberi But the interest Feldman said he may research their favorite boxers, www.