This would be a good start, PSP.

Court-ordered mediation of the Canadian Public Sector Pension Investment Board’s nonsense accusation that Saba Capital screwed it out of $12 million? Like hell. Boaz Weinstein won’t give these Canucks the satisfaction. No, only the pension’s total humiliation in front a federal judge in open court, or its prostrate submission and apology for this reckless and malicious attack, will do.

The two sides were ordered to have a third party mediate the dispute earlier this month under a New York state court pilot program. On Wednesday, the parties agreed to opt out of mediation, saying it would be “ineffective at this stage of the proceedings.” Weinstein has vowed to fight the suit and asked a judge to dismiss the case the day after mediation was ordered, saying the pension fund “recklessly and maliciously attacked” his firm, which did “absolutely nothing wrong” and won’t settle the case for a penny.

Boaz Weinstein Presses for Trial in Fight With Canada Fund [Bloomberg]