This sounds a lot like The Beatles, leading to inevitable comparisons, especially since the bands were associated. Badfinger was one of the first bands to sign with The Beatles' label, Apple Records. As a result, they got to know the group quite well and picked up on their sound.
Apple seemed like a good place to hitch their wagon, but it ended up being disastrous. The Straight Up
album did very well thanks to "Day After Day" and "Baby Blue
," but Apple was in such disarray that Badfinger had to leave the label soon after. They recorded one more album for Apple before signing with Warner Bros., and ended up in disputes with both labels that froze their finances in 1975 and kept them from recording. Badfinger (and their management) made some very poor business decisions that contributed to their downfall. Much of their strategy involved funneling their money through a corporation in an effort to avoid taxes, but that left with no idea what was going on and no way to trace it.