Over the weekend, the Wall Street Journal became the latest to report that State Treasurer Alexi Giannoulias has reached a "tentative agreement" with Oppenheimer Funds to recoup a large share of the losses in a college savings fund that plummeted last year.  The settlement would apparently return $77 million of the $85 million lost by enrollees in Illinois' Bright Start program.  Giannoulias told the Journal that the process is "at a critical juncture":

A spokesman for the Illinois Treasurer's Office declined to provide further detail, saying settlement negotiations are continuing. "We are at critical juncture but remain hopeful that a final agreement will be reached in the near future," the Treasurer's Office said in a statement.

More on the issue here and here.