Not quite the same thing as an actual panic, but I had my instructor throw this one at me during our last OW pool session. We had an odd number of people in the class, I was paired up with the instructor for the OOA drill. As soon as the 2nd last group surfaces (and without any warning), my instructor rips off his mask, throws it one way, spits out his reg, throws it another, flies over to me and moves to yank the reg out of my mouth. Of course, I donate. As soon as the reg is in his mouth (as I'm reaching for the octo), he starts kicking for the surface. I grabbed ahdold of his BC shoulder strap, and he made me literally wrestle him back down even with me before he "calmed down" and would acknowledge any sort of communication.
I'm sure it's not exactly the same thing as a real world OOA, but it sure added a bit of realism and built my confidence in my ability to keep calm. And yes, my instructor was awesome.
All I can think for the real world scenario is that if you can get their BC shoulder strap, you may be pull their shoulders down, keeping their body more horizontal and reducing the effectiveness of kicking up.