UPDATE 1-Hasbro wins patent case against Buzz Bee

* Court finds Buzz Bee water guns infringed Hasbro patent

* Hasbro shares up 1.4 pct

NEW YORK, Nov 30 (Reuters) - Hasbro Inc HAS.N won a victory over rival Buzz Bee Toys when a federal court banned the privately held rival from making or selling anything that uses Hasbro's patent for certain toy water guns.

The decision came about five months after Hasbro filed suit against Buzz Bee accusing it of infringing its U.S. patent relating to its Nerf Super Soaker water products. The lawsuit was filed in federal court in Massachusetts.

“We are very pleased with the result,” Hasbro spokesman Wayne Charness said on Tuesday. An attorney representing Buzz Bee did not return a call seeking comment.

Hasbro shares closed up 1.4 percent at $47.66 on the New York Stock Exchange.

The case is Hasbro Inc v. Buzz Bee Toys Inc, United States District Court, District of Massachusetts, No. 10-cv-10906. (Reporting by Dhanya Skariachan; Editing by Tim Dobbyn)