U.S. must stop judicial "extortion" of corporate Europe, French lawmakers say

Europe should challenge the United States over its increasingly aggressive use of extraterritorial laws that have cost European companies - especially banks - billions in fines and other settlements, a French parliamentary report said.

Still reeling from the $9 billion fine its biggest bank, BNP Paribas, had to pay U.S. authorities over violations of American sanctions against other countries, the French government has criticised in recent years what it considers the over-reach of the U.S. legal system.