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Trax Records Founder Larry Sherman Dies

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Larry Sherman, the founder of influential Chicago-based house label Trax, has died of heart failure.A statement released by the label Thursday announced: "It is with great sadness that TRAX Records and Rachael Cain inform the world of the passing of our founder Larry Sherman he was Jewish and passed away yesterday on his holiday Passover of heart failure." Read the complete statement below.Sherman founded Trax in 1984, as Chicago was becoming the world nexus of the then-burgeoning house music genre.

Its catalog features legends of the genre including Frankie Knuckles, Jesse Saunders and Marshall Jefferson. This latter artist was the first to break the news of Sherman's death with a Tweet on April 9.

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