SALEM (AP) — Oregon officials are seeking $36.2 million in damages from OppenheimerFunds Inc., which managed a fund responsible for steep losses in the Oregon College Savings Plan.

They said in a statement Monday the Oppenheimer Core Bond Fund lost 36 percent of its value last year, but comparable funds in a benchmark index posted a gain of about 5 percent.

The lawsuit filed in Marion County against the Colorado-based OppenheimerFunds includes allegations of negligence, breach of contract and violating state securities laws.

Treasurer Ben Westlund and Attorney General John Kroger say the lawsuit is on behalf of families and aims to recoup their losses.

The board in charge of the plan decided in January to withdraw from the bond fund.