Hi. While using menu in Channel EQ - Reset EQ setting (see screenshot) it delete also items from timeline. (if some item on timeline is selected).
As a first step, I would try to change the assigned keyboard shortcut from “Delete” to something less suspicious. 
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In Key Commands settings, key DEL is assigned to function Delete. It is not possible unassign it from function Reset EQ Settings, as this function is not listed in Key Commands settings. 
