Complex sentence: Koko and Baylor were closely associated with the important Memphis-based Stax Records label during the height of its commercial success but both Ingram and Koko suffered from Stax's later legal and financial problems in the mid- 70s.
Split into simpler sentences: Koko and Baylor were closely associated with the Memphis-based Stax Records label during the height of its commercial success. Allegedly, both Ingram and Koko suffered from Stax's later legal and financial problems in the mid- 70s.