MonkeyParking, the Italian startup that allows iPhone users to auction off public parking spaces via its smartphone app, announced that it is temporarily suspending operations in San Francisco.
The move comes just one day before the San Francisco City Attorney's Office said it would sue the firm if it did not stop its activities in the city. Last month, the city sent the firm a cease-and-desist letter informing the company that what it was doing violated local law.
The company insisted that what it was doing was legal and that it would not shut down. But in a statement Thursday, MonkeyParking said it was altering course.
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