UPDATE: Vivendi: US Court Dismisses Claim By Shareholders In Paris

French media and telecommunication group Vivendi SA (VIV.FR) Wednesday said the U.S. District Court for the Southern District of New York made public a decision to dismiss claims by individual shareholders who had bought shares on the Paris stock exchange.

Vivendi said in a Wednesday statement it is "satisfied" with the decision.

The court followed a 2010 Supreme Court ruling in another case that stated a shareholder can only sue a listed company in a U.S. court if he or she bought the shares on a U.S. stock exchange, a source close to the case said.

A group of Vivendi shareholders who had bought their shares on the Paris stock exchange wanted to sue the company, like the plaintiffs of a 2002 class action suit who claimed Vivendi, which was then headed by Jean-Marie Messier, hid crucial financial information between October 2000 and mid-August 2002.

-By Inti Landauro and Eric Chalmet, Dow Jones Newswires; [phone]; [e-mail]