Nov 25 (Reuters) - Australian Careers Network Ltd ACO.AX :
* Company update ACO.AX
* Says has commenced proceedings against Phoenix and CTI
* The allegations have not been particularised in any detail"
* Says company disputes a number of the statements in the release
* Says "intends to vigorously defend these proceedings"
* Says notes that the accc issued a release on 24 November 2015 in connection with these proceedings
* Source text for Eikon ID:nASX4wj6b