Oregon's government on Monday sued the manager of the state's college savings plan, saying the company's risky investments were negligent and breached their contract together, Reuters [1] reported. Like many such funds, Oregon's College Savings Plan, into which parents and others invest (with tax incentives) to save for college, has taken a beating in the stock market. But Oregon charges in its lawsuit that OppenheimerFunds Inc. engaged in "hedge-fund like" investments that were particularly risky, and seeks to recoup $36 million in losses. Company officials said they were disappointed by the state's action.