I.R.E. <IF> FILES SUIT OVER SHARES
I.R.E. Financial Corp said
it has filed suit against CenTrust Savings Bank <CTSTP> seeking
to compel CenTrust to sell I.R.E. the 289,700 shares of
Atlantic Federal Savings and Loan Association <ASAL> that are
the subject of an option agreement between the parties.
    The company alleged CenTrust has refused to deliver the
shares, claiming that the option had expired.
 Reuter
