WORKAROUND:
Issue fixed in the 12.7 beta version, available from: http://www.toadworld.com/products/toad-for-oracle/toad_for_oracle_beta_program/default.aspx
Please note that the beta program is open for evaluation and feedback only. It is not recommended that you use it as a replacement for the current commercial version or use in a production environment. If you have any feedback relating to issues within the beta version, please report this via the Beta community (http://www.toadworld.com/products/toad-for-oracle/toad_for_oracle_beta_program/f/86.aspx) which is monitored directly by the Developers.
STATUS:
Waiting for fix in a future release of Toad for Oracle.
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