Larry Sherman, founder of acid house pioneers Trax Records, has died

Founder of legendary label Trax Records, Larry Sherman, has died of heart failure, with his family announcing that "he was of the Jewish faith and passed away on his holiday Passover", Exclaim reports. Sherman started the Trax imprint in Chicago in 1984 alongside Jesse Saunders, with it going on to become one of the world's most influential dance labels. Trax is also seen as the pioneer of acid house, releasing what's often considered the very first acid house release Phuture's 'Acid Tracks' (1987). Trax Records still exists to this day, run now by Rachel Cain (a.k.a. Screamin Rachael).