---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-23-000056"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:54:26.358744+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini expects $84M charge from adverse appeals court ruling on GW Bridge bus station project

## Summary
- Second Circuit affirmed denial of TPBC's third-party beneficiary rights under lease agreement.
- $84M non-cash pre-tax charge to Q1 2023 income from construction operations.
- Company believes it can still collect substantially all amounts from Port Authority or developer managers.
- Expects to report loss from operations and negative EPS in Q1 2023; guidance to be revised.
- Dispute involves George Washington Bridge Bus Station renovation contract with $113M claim by TPBC.

## SEC filing metadata
- accession: 0000077543-23-000056
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754323000056/0000077543-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754323000056/tpc-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-23-000056
- JSON: https://secwatch.observer/filing/0000077543-23-000056.json
- Plain text: https://secwatch.observer/filing/0000077543-23-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.