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Bluegrass record label Pinecastle Records, home to Larry Stephenson and Special Consensus, has closed its doors, due to the health of founder Tom Riggs. "Given recent events related to my father's health and the current business environment, we find it necessary to cease operation of Pinecastle Records effective February 1, 2010," Cort Riggs, who is the son of Tom and involved in Pinecastle's operations, said in a statement. "We will soon begin exploring how to best preserve the vast catalog Tom, the artists and talented staff of Pinecastle have amassed over the 20-year history of the label," the statement said. "Tom will be settling in to a skilled nursing facility, close to our family, and in the near future we hope to visit with our many old friends at shows and festivals."