So after reading this thread and I agree that the right call was made according to the rules that are in place. So according to this rule if a reciever go up in the air to make a catch, say around the hash marks, and couple of defenders cath him in mid air and carries him all the way to the sidelines and they dump him out of bounds it is a no catch. I'm surprised you don't see this more often when the catch is near the side lines.