"If this is what you are referring to, I believe it does not preclude the company from trading shares, only "the company's directors, officers, employees and consultants". 

I disagree.  Let's use an extreme hypothetical:  If the J3 settled for $1 billion, and no one knew except Patriot insiders, they could buy back shares well below the actual actual market value.  (Actual market value being what the SP would be valued at if the public knew of the $1 billion settlment.)  This would be taking advantage of significant news that was not disclosed to the public - for the company's profit.  Insider trading on a "corporate level".