Maine Reaches Settlement in FIRSTGEN Suit 

The state of Maine has reached a settlement with Oppenheimerfunds Incorporated over losses in some of the funds that make up Maine’s state-sponsored NEXTGEN college investing plan.The settlement divides more than $6,000,000 among certain account holders based on their exposure to Oppenheimer core bond fund from January of 2008 through March of 2009. State officials say a relatively small amount of the NEXTGEN investments was invested in that fund.The Finance Authority of Maine terminated all Oppenheimerfunds portfolios in NEXTGEN in July 2009.Officials say the settlement is similar to those reached by other states.