I cannot figure this out. The OCC is basically claiming mgmt fraud and wants to go after D&O claims. If they were getting paid in full there would be no need for this and really they should be silent. If the debtors aren't getting 100% then equity is a zero.
Second, this looks like a fight between DI Mgmt (1 person) and the OCC. For equity this looks like a fight that will get expensive quick and for such a small float that is bad news.