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To answer your questions as best as I can...
1. I don't know about utorrent so I can't help you there.
2. The short answer is that Yes you can be sued. But it is not likely because I don't believe that the MPAA of RIAA can sue you without the permission of the Japenese Licesce holders of the US companies that hold the distribution rights. And both these groups up until this time have turned a blind eye to fansubbing. Although that may be changing soon.

My advice, download only series that have not been licensed in the US and when the serie does get liscensed, buy the DVD's. That is how I do it. It is still illegal, but it gives you a clearer consince.