I imagine Doc has provided himself a nice golden parachute prior to this, and has gold plated it with the proposal.
Personally, I would like to see a shareholders' group sue the company and Doc to prevent him from taking anything from the table, other than the shrunken value of his stock. He has, IMO, defrauded the shareholders, and through his dihonesty and incompetence, caused this whole mess.
The problem is that the lawyers who represent shareholders are vultures, ready to take whatever they can, and leave a little for their clients. They would not benefit from obtaining an injunction preventing Doc from raiding the till on the way out the door, so they wouldn't be interested in filing the case.