Anyway, is that not insider trading?
It would depend on when these individuals began offloading their shares. If it was after the news broke, then the information was public and all is well in the (trading) world. If it was before, then the information was not public (even though it was known to other organizations) and they could be considered for insider trading.
What would be an interesting discussion, would be whether it is still insider trading if you have your broker on the phone while you are delivering the information that will send the stock south and say "sell" as soon as you're done.
