In the pages of "Infinite Crisis", it was revealed by Alexander Luthor, Jr. that he had sent Superboy-Prime to recover the black diamond and that the Psycho-Pirate delivered it to Loring on Alex's orders and manipulated Eclipso into manipulating the Spectre. This was all done in the interests of breaking magic down into raw magical energy, which Alexander could use for his own ends. The death of Shazam was particularly useful, as his various champions then became a tether of power. All Alex had to do was capture one of them, make them say 'Shazam' and they would summon their lightning bolt to power his machine.