XSEED Games has confirmed that the currently bugged DLC for Senran Kagura: Shinovi Versus has now been fixed. The bugs would sometimes cause the game to not start, giving a “Missing file” error.
If you are experiencing any trouble with DLC, it should be fixed if you re-download the content from the PSN Store.
The confirmed affected DLC is the rainbow panties and confused/censored faces.
These changes has been confirmed to be live on NA, with EU surely following soon.