MFN Named in Suit

NEW YORK -- Goodkind Labaton Rudoff & Sucharow LLP announces that pursuant to Section 21D(a)(3)(A)(i) of the Securities Exchange Act of 1934 (the ``Exchange Act''), notice is hereby given that on September 25, 2001, a class action lawsuit was filed in the United States District Court for the Southern District of New York (the ``Court'') on behalf of a Class of purchasers of shares of common stock of Metromedia Fiber Network, Inc. (NASDAQ:MFNX - news; ``Metromedia'') between January 8, 2001 and July 2, 2001, inclusive (the ``Class Period''). The Complaint names Metromedia, Stephen A. Garofalo (Metromedia's Chairman and CEO), and Nicholas M. Tanzi (Metromedia's President and COO) as Defendants. The docket number of the case is No. 01 Civ. 8664. The Court is located at the United States Courthouse, 300 Quarropas Street, White Plains, New York 10601. Metromedia Fiber Network Inc.(MFN) GLRS, LLP