Britain's Labour Party to return donation to Algebris CEO following harassment claim - official

FILE PHOTO: Davide Serra, Founder and CEO of Algebris Investments, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid

LONDON (Reuters) - Britain's opposition Labour Party plans to return 100,000 pounds ($125,830.00) in donations from Algebris Group founder and CEO Davide Serra following a harassment claim, a party official said on Friday.

A London employment tribunal last month awarded a former Algebris employee about 32,000 pounds in a sex harassment claim against the asset management company.