According to U.S. law, information is material when something is of significance to a reasonable person.

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According to U.S. law, information is considered material if it is of significance to a reasonable person. This means that the information is relevant and important enough that it would likely influence the decisions or actions of an average person. This standard is used in various legal contexts, such as securities fraud cases, where a misrepresentation or omission of material information can have significant consequences for investors.