---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-22-000039"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T18:11:31.589915+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers settles Aliso Canyon gas leak claims for $192.5M, expects $138M pre-tax benefit in Q4

## Summary
- Settlement with Southern California Gas Company for $192.5 million resolves claims from October 2015-February 2016 Aliso Canyon gas leak.
- Expects pre-tax gain of ~$148 million in Q4 fiscal 2022, net of legal fees and expenses.
- Will seed a new Toll Brothers Charitable Foundation with ~$10 million expense.
- Combined pre-tax benefit of ~$138 million expected in Q4 fiscal 2022.
- Updated Q4 guidance for 'Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other' to $140M.

## SEC filing metadata
- accession: 0000794170-22-000039
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417022000039/0000794170-22-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417022000039/tol-20220825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-22-000039
- JSON: https://secwatch.observer/filing/0000794170-22-000039.json
- Plain text: https://secwatch.observer/filing/0000794170-22-000039.txt

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