He absolutely CAN sue you. You're in possession of items that you got from him, and haven't returned them. If he wants to stand in court and testify that he's in possession of illegal materials, that's up to him, and he may have consequences for doing so - but even so, they're not YOURS and now that YOU are in possession of them, YOU can be in hot water too. The court isn't likely to award him damages for the bootlegs, but the burden is on YOU to PROVE they are illegal. As for the Red Box DVDs, he should have no problem getting a judgement against you. Those DVDs were rented on his account, and he's the one facing the fallout for failure to return them. Put ALL of his DVDs in a box and return them to him via registered mail. Having his signature on the receipt showing that he got them is your best defense in court should he decide to sue.
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While pointers can be helpful, ultimately the number one lesson in any legal action is: don't take legal advice from books, family, friends, co-workers, police officers, grocery clerks, web sites, or people on legal message boards. The only person who can give YOU legal advice is YOUR attorney.
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