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Rule 11 of the Federal Rules of Civil Procedure requires all papers to be signed by the attorney (if the party is represented). It also provides for sanctions against the attorney or client for harassment, frivolous arguments, or a lack of factual investigation.
The purpose of sanctions is deterrent, not punitive. Courts have broad discretion about the exact nature of the sanction, which can include consent to in personam jurisdiction, fines, dismissal of claims, or dismissal of the entire case.