Class action looms as Forge shares hammered BESIEGED contractor Forge Group is battling to appease angry shareholders amid threats of class-action lawsuits and expectations it will be drawn into a dilutive equity raising. In one of the bloodiest examples of the carnage inflicted on Australia's mining contractors by the slowdown in the nation's mining sector in recent times, shares in Perth-based Forge plummeted more than 82 per cent in a frenetic day of trade that wiped more than $300 million off the company's value. Institutional investors were among the hardest hit from the price fall.