NJ Pair to Settle SEC Insider Trading Suit Tied to CoStar Deal

Two New Jersey men agreed to settle an SEC lawsuit accusing them of insider trading on confidential information about commercial real estate information firm CoStar Group Inc.'s $1.6 billion acquisition of spatial data company Matterport.

Oskar Elmgart and Raymond Leibman obtained inside information from a close family member who worked in Matterport’s legal department, according to the Securities and Exchange Commission’s complaint filed Monday in the US District Court for the District of New Jersey.

The family member learned about the deal in early April 2024 and worked on related commercial agreements from a shared home office with Elmgart, the ...