Catherine M. Clarkin, Kethan T. Dahlberg, Robert W. Downes and Mario Schollmeyer

Sullivan & Cromwell Discusses Implications of Government Shutdown on Securities Transactions

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The federal government shutdown commenced at midnight on October 1, 2025, and proposals to reopen the government failed on October 3, extending the shutdown further into the fourth quarter.

On September 30, 2025, the SEC’s Division of Corporation Finance issued …